Financing

[autiger10]

Hey all, I realize that many are probably tired of reading these posts, but I'm looking for a little help. After reading many threads, I have taken into account the debt burden that I would be putting on myself with 100% financing. The only problem is it would take me too long to reach my aviation goals if I paid as I went because of personal bills, living expenses, etc. Ultimately, I have to take out loans for my training. My question to you all is does anyone know of any grants available? This may be a silly question, but I'm trying to travel all avenues of approach to avoid being 60K in the hole and standing in a shallow grave. Thanks for your time and I'm looking forward to hearing from all.

[bradj2000]

debt sucks, get a second job. save every penny from that second job.

[anavalairman2]

Delta Connection Academy, Ari-Ben Aviator are ACCSCT and VA Approved. Flight Safety Academy has lots of financing options too.

[wrxpilot]

Originally Posted by autiger10

The only problem is it would take me too long to reach my aviation goals if I paid as I went because of personal bills, living expenses, etc.

Well, if this was easy, anybody could do it. Do yourself a favor and keep your debt to a minimum. You'll be very glad you did, and it's not going to put you back that much. In the end you'll probably be much further ahead than your colleagues that went into a bunch of debt.

[murl]

Ask SteveC to get you his big compilation of "financing" threads. He doesn't think you should finance flight training and it is good information in my opinion.

[Raskolnikov]

To paraphrase Garrison Keillor: Easy financing. Everything down, no monthly payments.

[subpilot]

buy a 152 for about $15-20K and then find an independant instructor who will most likely charge around $30-40/hr. That is the cheapest way to do this. When you are all done with your training you can either use your plane as a CFI to teach others or you can sell it and get all your money back from it.

[Left Seat]

Originally Posted by subpilot

buy a 152 for about $15-20K and then find an independant instructor who will most likely charge around $30-40/hr. That is the cheapest way to do this. When you are all done with your training you can either use your plane as a CFI to teach others or you can sell it and get all your money back from it.

Would it be wise or recommended to do your IFR rating in a 152. I heard doing it in a 172 is much better because it is more stable.

[subpilot]

I don't see anything wrong with it. The hard part is finding an IFR equiped 152 but they are out there. Hindsight 20/20 I would have taken this route.