How much debt....

[BOOZENEWS]

None!!

Yea Baby!! My parents gladly payed for all my flight training, PVT-MEI, at my local FBO!! Oh yea!! 25 yrs old!! Life is good!!!!

 

[stearnst]

Must be nice...

 

[Flysher]

I got a little over 6.8 million in loans with an average APR of around 7% Works out to about 500k a year or $1369 a day in interest. That'll keep you awake at night.

That kind of inheritance @ 23 will make you grow up real quick.

what? man please tell me you are kidding.

 

[Flysher]

Yea Baby!! My parents gladly payed for all my flight training, PVT-MEI, at my local FBO!! Oh yea!! 25 yrs old!! Life is good!!!!

I wish I had parents like that. Mine just cosigned a loan from hell for me then my mother passed away and my dad moved away. Now im stuck with it for 20 years.

 

[FN FAL]

Yea Baby!! My parents gladly payed for all my flight training, PVT-MEI, at my local FBO!! Oh yea!! 25 yrs old!! Life is good!!!!

That's what HE said.

 

[landlover]

That's what HE said.

whats that got to do with the price of beans?

 

[FN FAL]

whats that got to do with the price of beans?

Well, you could look at it two ways.

One: PFT deep sea divers take out loans too.

Two: There are more divers looking for pilots, than pilots looking for divers.

 

[navigator72]

Here's a link to a good way to get yourself out of debt.
http://www.DaveRamsey.com
He is a radio guy that has good ideas about getting out of debt and avoiding the credit lifestyle scam all together.

 

[jtf]

Accelerated flight school burned through about 35K in loans from mid '98 to mid '99. I finnished at age 27 and I'm down to about 15K left to pay still. I don't know how the Comair/ Delta Connection guys could do it. I started there and they promised 35K max with living expenses and after over 10K to get the private and a start on the instrument I woke up and told those liars to F-off. I wish I would have just gone to the FBO I taught at- 172s were $45 an hour in the summer of '99 there. I would have done it all for half as much. I just wanted the "guarenteed interview that hires 98 percent into Comair airlines". I have no problem with the airline, but the school is one of the biggest scams out there.

 

[PacoPollo]

Is that including PFT?

 

[blingair]

For the most part interviews are easy to get and don't cost anything.

 

[Kingair1181]

Navigator72 - I coukldn't agree more -- Dave Ramsey offers some great advice and although a bit radical at times with what he says to do I really feel that more out there need to follow his advice.

 

[SPilot]

If I sell one kidney to cover my $5,000.00 flilght training debt, can I still maintain a First class medical?

 

[NW_Pilot]

Private, Instrument, Commercial, Single & Multi $0 In debt 29 years old as I tell people if you can't afford it! abort it!

OH, T-mobile says I owe them $180 debt for canceling my service after 6 years of never being late on a payment! I never once ever upgraded my phone through them I always paid cash on fleabay and private party sales and never entered in to another contract with them besides my initial 1 year which was full filled nor did I ever switch my plan!

3000 Min $49.99+ $5.99 For Nation Wide Roaming & Long Distance! They wrote me a letter saying they were canceling my roaming feature but will retain the long distance. I wrote them back telling them if they remove the roaming then they are to cancel my service! I Called them to discuss & verbally with them with no resolve and told them to cancel my service I am switching to Cingular!

This one is going to court!! On their dime!

 

[navigator72]

Cingular sucks!

 

[NW_Pilot]

Cingular sucks!

Better than my T-mobile service!

 

[NavajoKing]

I don't know about comair, but i got out of embry riddle in 2002 about 130,000 in the hole, what a rip off. If i can die flat broke i guess I'll have done good.

 

[smellthejeta]

If I sell one kidney to cover my $5,000.00 flilght training debt, can I still maintain a First class medical?

I'm on a first name basis with the Eastern regional flight surgeon in New York (eye thing for me, her background is ophtalmology). Next time I talk to her, I'll slip in the question about selling a kidney...

 

[ackattacker]

College $0 on scholarship
PPL paid for while working
CPL through MEI $16k at local flight school (2000-2001 time frame)

paid off in 3 years of flight instruction/charter/"etc". Mucho Ramen noodles consumed.

 

[TrafficInSight]

40k in loans for the degree, A&P and some outrageously half-priced snap-on tools etc. included in that .

about 5k in balances for flying.

No idea how I'll build multi time since by the time I'm ready for it the Duchess will probably be 300$ an hour... maybe I'll buy a Cri-cri

I had 2 jobs the entire time I was in school. Barely making it has been a way of life for quite some time now .