How much did you spend of flight training?

[jmreii]

Many people will die with this debt, good luck paying it off. It won't be easy.

 

[BoilerUP]

Many people will die with this debt, good luck paying it off. It won't be easy.

Its not as hard to pay down as you might think...

 

[jmreii]

Its not as hard to pay down as you might think...

keep telling yourself that, you may begain to believe it

 

[BoilerUP]

keep telling yourself that, you may begain to believe it

I don't need to tell myself anything; my dwindling principal tells me everything I need to hear.

Its amazing what you can do to get out (and stay out) of debt with only a simple budget and highly discretionary spending...

 

[Dumb Pilot]

All of you PFTr's just make me want touke:

 

[Flyer1015]

HAHAHAhahahaaaa!


Btw, that Riddle guy I posted about has to start paying off his loans at a rate of $2400 per MONTH!

Good luck to him. Hope he realizes that he won't even make $2400 a month at his regional the first year.

Bankruptcy seems pretty good right about now for him.

 

[Sawmill]

1/2001 - 4/2003 Just under $40K for private, instrument, Comm ME, CFI, II, MEI and a BE30 type. Money spent includes buying an airplane (down payment and monthly payments) and $8000. spent on the type (150 hours of left seat actual time...no sim time)

 

[Goose Egg]

Its amazing what you can do to get out (and stay out) of debt with only a simple budget and highly discretionary spending...

Very true, and in some cases, very highly discretionary. However, the only regret that I have when it comes to career choice is that I waited until age 25 to make the decision to pursue professional flying. It's all a question of priorities. Right now, I'd rather fly and have a career that I enjoy than lots of expensive toys... (those will come later. See my avatar. )

-Goose

 

[Way2Broke]

Delta Connection Academy being the criminals that they are now recommend that you take out a home equity loan to pay for training. See it here for yourself on the schools web page. Scroll to the bottom and read under "additional sources of funding." Also notice that key bank in no longer a option. Wonder why? I would like to find any financial planner that thinks putting your house on the block to become a pilot is a good idea. Sick.

http://www.deltaconnectionacademy.com/pdf/Source of Funds 03-29-2007.pdf

 

[JetMonkey]

$20,000 from prt through MEI. 1997-1998 at home town fbo at the international airport. I started flying later than most so lucky for me times were good, the day I got my cfi the owner hired me. 15 months later, right into an RJ for a regional. I'm glad I did it when I did, the cost of flight training now, there's no way I'd be able to afford it with a family and mortgage.