VA and loans and repayment

maverick2 · April 16th, 2005, 14:59

How much of a loan should I take out even if I'm gonna get VA reimbursements? I know the VA pro course costs nearly 19k after reimbursements. Do I take out a loan for 39k, pay AriBen, get reimbursed, repay loan vender with a higher interest? How does this whole process work for the VA guys? Anybody know? Thanks!!

kailuaboy · April 16th, 2005, 23:17

I dont know the exact price for the VA Pro Course at the aviator, but, if its around 39k.... i recommend taking out a couple thousand more, maybe 45k, just for living expenses, etc. Dont expect to get the money from the VA right away. It takes awhile, in my case, 9 months to get anything from the VA.

maverick2 · April 17th, 2005, 12:51

[ QUOTE ]
I dont know the exact price for the VA Pro Course at the aviator, but, if its around 39k.... i recommend taking out a couple thousand more, maybe 45k, just for living expenses, etc. Dont expect to get the money from the VA right away. It takes awhile, in my case, 9 months to get anything from the VA.

[/ QUOTE ]

Ok, lets just assume the VA pro course costs 39k even. I pay aviator the 39k that I borrowed from Key. VA gives me back 23.4k (60% of 39k) in 2 months. I pay Key the 23.4k two days after I am reimbursed. Therefore, will my balance with Key be 15.6k or 15.6k with lots of interest?

kailuaboy · April 17th, 2005, 18:19

Dont count on the VA to give it back to you in 2 months.... it took me 9 months to get the first and ONLY payment (the total was a little over 15k, but, i paid about 34k for the program i believe).

I only got 60% of my Instrument, and Commercial ratings.... NOW, the aviator is approved Part 141 for Private Multi and the MEI. So, yes, you should get more back than what i did.

Ivan

April 16th, 2005, 14:59	#1
maverick2 Junior Member Join Date: Feb 2005 Location: LAX Posts: 203	VA and loans and repayment How much of a loan should I take out even if I'm gonna get VA reimbursements? I know the VA pro course costs nearly 19k after reimbursements. Do I take out a loan for 39k, pay AriBen, get reimbursed, repay loan vender with a higher interest? How does this whole process work for the VA guys? Anybody know? Thanks!!

April 16th, 2005, 23:17	#2
kailuaboy Senior Member Join Date: Mar 2005 Location: CLE Posts: 302	Re: VA and loans and repayment I dont know the exact price for the VA Pro Course at the aviator, but, if its around 39k.... i recommend taking out a couple thousand more, maybe 45k, just for living expenses, etc. Dont expect to get the money from the VA right away. It takes awhile, in my case, 9 months to get anything from the VA.

April 17th, 2005, 12:51	#3
maverick2 Junior Member Join Date: Feb 2005 Location: LAX Posts: 203	Re: VA and loans and repayment [ QUOTE ] I dont know the exact price for the VA Pro Course at the aviator, but, if its around 39k.... i recommend taking out a couple thousand more, maybe 45k, just for living expenses, etc. Dont expect to get the money from the VA right away. It takes awhile, in my case, 9 months to get anything from the VA. [/ QUOTE ] Ok, lets just assume the VA pro course costs 39k even. I pay aviator the 39k that I borrowed from Key. VA gives me back 23.4k (60% of 39k) in 2 months. I pay Key the 23.4k two days after I am reimbursed. Therefore, will my balance with Key be 15.6k or 15.6k with lots of interest?

April 17th, 2005, 18:19	#4
kailuaboy Senior Member Join Date: Mar 2005 Location: CLE Posts: 302	Re: VA and loans and repayment Dont count on the VA to give it back to you in 2 months.... it took me 9 months to get the first and ONLY payment (the total was a little over 15k, but, i paid about 34k for the program i believe). I only got 60% of my Instrument, and Commercial ratings.... NOW, the aviator is approved Part 141 for Private Multi and the MEI. So, yes, you should get more back than what i did. Ivan

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