How much $$$ to borrow from Key Bank for Ari-Ben???

manolo1492 · July 11th, 2004, 19:09

Hello there, I just joined this forum and figured it would be a good place to get some info. It already helped me with deciding between PEA and Aviator. I had already toured aviator and had my mind set on going there, but still had some doubts as to the quality of their training, and had a relative telling me what a great school PEA was from his experience with them. Well, now that I've finally decided on aviator for good (start second week in june), I was hoping somebody could give me and idea as to how much $$$ I should borrow. I've been putting off applying for the loan because I wasn't sure how much would be enough, without beign excessive. If the price they quoted me is $34,975 (before increase), how much should I add on to that to cover any additional hours. If anyone can give me some info from experience, I would greatly appreciate it. Thanks

Luftpost · July 11th, 2004, 19:21

Call TJ, she can give you the "goods" on what most students require.

Depends on where you live....Aviator housing is included in the first 3 months. Utilities are all included.

If you get your own place, the scenario changes.

Don't worry about going over time, you won't.

manolo1492 · July 11th, 2004, 19:43

I'm doing the Veteran's pro-course, in which for some reason housing is not included

. Not an issue though, I was paying for housing out of pocket, my main concern was wether or not I was ultimately going to need the extra $$$ for flying. I guess I can add like 2K for the books, tests, and checkrides. Thanks for the info.

draglink · July 11th, 2004, 19:55

how much is the VA pro course costing you?i am planning on attending next year when I get out of the nav.I already have my private?

manolo1492 · July 11th, 2004, 20:53

It's going to cost me $34,975 (without private), but I think with the recent price increase it's up to $37,500. Still a great deal

RPM · July 11th, 2004, 21:15

[ QUOTE ]
It's going to cost me $34,975 (without private), but I think with the recent price increase it's up to $37,500. Still a great deal

[/ QUOTE ]

Where are you getting that high price quote from? The Pro-course (without private) is $29,500 with the recent price increase.

manolo1492 · July 11th, 2004, 21:52

That's the price I got from Mike Cohen when I visited a few months ago. The $29.5K is for the non VA pro-course, big difference due to the fact that IR, ME, and COMM ratings have to be completed part 141 (higher minimums) due to VA requirements. If anyone got a cheaper quote let me know, so I can get in on the deal.

RPM · July 11th, 2004, 21:58

Oh- sorry, I don't know anything about the VA prices, I thought that was the quote you got for the regular pro-course.

manolo1492 · July 12th, 2004, 08:09

No problem, I was hoping you were more up to date than I was because your #'s sound better. I had a brain fart on my first post, I'm starting there 1st week of august not june, not unless I can travel back in time or something

.

Luftpost · July 12th, 2004, 13:47

I certainly don't want to give you false information, however the $34,975 you will be paying (while in the VA program) will be partially refunded by Uncle Sam. After each successful checkride (VA approved course), you will be reimbursed.

Should memory serve me correctly, all instructor ratings are actually less expensive when not utilizing the VA program. For that reason they are not part 141.

So in the end, you should be paying considerably less than the $34,975. I imagine that Mike was quoting you the cost of the entire program (minus the VA reimbursemnts).

The VA program also requires that the student fly solo in the Duchess for 55hrs. This is a tremendous benefit. Some VA students have done some serious X/C's.

The VA program is considerably more costly to the school because of the increased paperwork and solo flights. I would imagine this would contribute to the higher course cost.

Disclaimer here........

manolo1492 · July 12th, 2004, 20:00

Yes, you are right that's the price before I get reimbursed. The total out of pocket for any VA guys should be around $18,600 after the uncle gives us some of the $$ back.

flyer2b · October 17th, 2004, 11:09

I'm looking into flight schools and planning on using my VA benefits, what school did you finally select and how do you like it. I'm planning on visiting more schools and hopefully starting Feb/05. Thanks

flyer2b · October 17th, 2004, 11:15

Draglink,
I'm looking into flight schools and Ari-Ben is one of them and I'm using my VA benefits. I would like to start around the beginning of next year /05. Have you made you decision yet on which school to attend?

July 11th, 2004, 19:09	#1
manolo1492 Junior Member Join Date: Jul 2004 Location: Planet Earth Posts: 64	How much $$$ to borrow from Key Bank for Ari-Ben??? Hello there, I just joined this forum and figured it would be a good place to get some info. It already helped me with deciding between PEA and Aviator. I had already toured aviator and had my mind set on going there, but still had some doubts as to the quality of their training, and had a relative telling me what a great school PEA was from his experience with them. Well, now that I've finally decided on aviator for good (start second week in june), I was hoping somebody could give me and idea as to how much $$$ I should borrow. I've been putting off applying for the loan because I wasn't sure how much would be enough, without beign excessive. If the price they quoted me is $34,975 (before increase), how much should I add on to that to cover any additional hours. If anyone can give me some info from experience, I would greatly appreciate it. Thanks

July 11th, 2004, 19:21	#2
Luftpost Junior Member Join Date: Nov 2001 Location: Missouri Posts: 89	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? Call TJ, she can give you the "goods" on what most students require. Depends on where you live....Aviator housing is included in the first 3 months. Utilities are all included. If you get your own place, the scenario changes. Don't worry about going over time, you won't.

July 11th, 2004, 19:43	#3
manolo1492 Junior Member Join Date: Jul 2004 Location: Planet Earth Posts: 64	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? I'm doing the Veteran's pro-course, in which for some reason housing is not included . Not an issue though, I was paying for housing out of pocket, my main concern was wether or not I was ultimately going to need the extra $$$ for flying. I guess I can add like 2K for the books, tests, and checkrides. Thanks for the info.

July 11th, 2004, 19:55	#4
draglink Newbie Join Date: Apr 2004 Location: hampton roads,virginia Posts: 29	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? how much is the VA pro course costing you?i am planning on attending next year when I get out of the nav.I already have my private?

July 11th, 2004, 20:53	#5
manolo1492 Junior Member Join Date: Jul 2004 Location: Planet Earth Posts: 64	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? It's going to cost me $34,975 (without private), but I think with the recent price increase it's up to $37,500. Still a great deal

July 11th, 2004, 21:15	#6
RPM Senior Member Join Date: Nov 2003 Location: LAX Posts: 658	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? [ QUOTE ] It's going to cost me $34,975 (without private), but I think with the recent price increase it's up to $37,500. Still a great deal [/ QUOTE ] Where are you getting that high price quote from? The Pro-course (without private) is $29,500 with the recent price increase.

July 11th, 2004, 21:52	#7
manolo1492 Junior Member Join Date: Jul 2004 Location: Planet Earth Posts: 64	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? That's the price I got from Mike Cohen when I visited a few months ago. The $29.5K is for the non VA pro-course, big difference due to the fact that IR, ME, and COMM ratings have to be completed part 141 (higher minimums) due to VA requirements. If anyone got a cheaper quote let me know, so I can get in on the deal.

July 11th, 2004, 21:58	#8
RPM Senior Member Join Date: Nov 2003 Location: LAX Posts: 658	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? Oh- sorry, I don't know anything about the VA prices, I thought that was the quote you got for the regular pro-course.

July 12th, 2004, 08:09	#9
manolo1492 Junior Member Join Date: Jul 2004 Location: Planet Earth Posts: 64	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? No problem, I was hoping you were more up to date than I was because your #'s sound better. I had a brain fart on my first post, I'm starting there 1st week of august not june, not unless I can travel back in time or something .

July 12th, 2004, 13:47	#10
Luftpost Junior Member Join Date: Nov 2001 Location: Missouri Posts: 89	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? I certainly don't want to give you false information, however the $34,975 you will be paying (while in the VA program) will be partially refunded by Uncle Sam. After each successful checkride (VA approved course), you will be reimbursed. Should memory serve me correctly, all instructor ratings are actually less expensive when not utilizing the VA program. For that reason they are not part 141. So in the end, you should be paying considerably less than the $34,975. I imagine that Mike was quoting you the cost of the entire program (minus the VA reimbursemnts). The VA program also requires that the student fly solo in the Duchess for 55hrs. This is a tremendous benefit. Some VA students have done some serious X/C's. The VA program is considerably more costly to the school because of the increased paperwork and solo flights. I would imagine this would contribute to the higher course cost. Disclaimer here........

July 12th, 2004, 20:00	#11
manolo1492 Junior Member Join Date: Jul 2004 Location: Planet Earth Posts: 64	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? Yes, you are right that's the price before I get reimbursed. The total out of pocket for any VA guys should be around $18,600 after the uncle gives us some of the $$ back.

October 17th, 2004, 11:09	#12
flyer2b Newbie Join Date: Oct 2004 Posts: 2	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? I'm looking into flight schools and planning on using my VA benefits, what school did you finally select and how do you like it. I'm planning on visiting more schools and hopefully starting Feb/05. Thanks

October 17th, 2004, 11:15	#13
flyer2b Newbie Join Date: Oct 2004 Posts: 2	Re: How much $$$ to borrow from Key Bank for Ari-Ben??? Draglink, I'm looking into flight schools and Ari-Ben is one of them and I'm using my VA benefits. I would like to start around the beginning of next year /05. Have you made you decision yet on which school to attend?

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