Transfer loan to ATP

jspeed87 · October 13th, 2009, 23:24

I was just curious to know if you could transfer a loan from another flight school in which I am in Florida to ATP to finish my flight training. The only reason for this is so that I could stay at home close to my family and friends..

juxtapilot · October 14th, 2009, 00:55

Quote:

Originally Posted by jspeed87

I was just curious to know if you could transfer a loan from another flight school in which I am in Florida to ATP to finish my flight training. The only reason for this is so that I could stay at home close to my family and friends..

How much longer in FL? Why not just finish it up there?

Gonzo · October 14th, 2009, 01:01

Call the loan company. Most of the time it is a maybe.

meyers9163 · October 14th, 2009, 11:08

Quote:

Originally Posted by juxtapilot

How much longer in FL? Why not just finish it up there?

I think he just started his Private Multi at Ariben....

jspeed87 · October 14th, 2009, 19:36

I don't think it will work because I have a Federal loan with Sallie Mae. But then again ATP has a "special relationship" with Sallie Mae. I emailed ATP about it maybe they can work something out.

juxtapilot · October 14th, 2009, 20:07

Quote:

Originally Posted by jspeed87

I don't think it will work because I have a Federal loan with Sallie Mae. But then again ATP has a "special relationship" with Sallie Mae. I emailed ATP about it maybe they can work something out.

Looks like Ariben has a good deal as far as financing goes. If you transfer it to ATP, maybe you interest rate would go up quite a bit. Be careful, but good luck.

ryanmickG · October 15th, 2009, 19:32

How did you disperse the payouts to your flight school? If you did it all at once than there is no loan to transfer, because all the funds would be in the bank account of your school. If it a certain school in FL you're probably skreewed...

jspeed87 · October 15th, 2009, 23:40

Quote:

Originally Posted by ryanmickG

How did you disperse the payouts to your flight school? If you did it all at once than there is no loan to transfer, because all the funds would be in the bank account of your school. If it a certain school in FL you're probably skreewed...

they are disbursed every 2 months. next one is in november.

October 13th, 2009, 23:24	#1
jspeed87 Senior Member Join Date: Oct 2007 Location: KLDJ/KFPR Posts: 345	Transfer loan to ATP I was just curious to know if you could transfer a loan from another flight school in which I am in Florida to ATP to finish my flight training. The only reason for this is so that I could stay at home close to my family and friends..

October 14th, 2009, 01:01	#3
Gonzo Old Skool Join Date: Sep 2005 Posts: 2,388	Re: Transfer loan to ATP Call the loan company. Most of the time it is a maybe. __________________

October 14th, 2009, 19:36	#5
jspeed87 Senior Member Join Date: Oct 2007 Location: KLDJ/KFPR Posts: 345	Re: Transfer loan to ATP I don't think it will work because I have a Federal loan with Sallie Mae. But then again ATP has a "special relationship" with Sallie Mae. I emailed ATP about it maybe they can work something out.

October 15th, 2009, 19:32	#7
ryanmickG Old Skool Join Date: Nov 2004 Location: Arlington TX Posts: 2,792	Re: Transfer loan to ATP How did you disperse the payouts to your flight school? If you did it all at once than there is no loan to transfer, because all the funds would be in the bank account of your school. If it a certain school in FL you're probably skreewed... Last edited by ryanmickG; October 15th, 2009 at 19:34.

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