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.

 

[Whiskerbizkit]

$18,000 pvt-mei 96-97. I too started late with a BS in no-aviation. I feel for the kids today, and their parents!

 

[mosyslack]

$3000 for the private during my first year of college, then on internship for the remainder. $0 for Inst, Comm, CFI, CFII, and traded A&P time for my multi.

 

[Jorgy50]

Started Aug 2001 and finished my MEI in Feb 2003 for a grand total of $45K. Gotta love ATA flight school, I should say ex-ATA.

 

[Fred Rogers]

about 25k with all instructor ratings. '99-'01
that included an Associate of Science. If I had to do it over I'd probably do it the same way. I'm sure it's more expensive now at the exact same place though. I can't imagine doing a 6 figure program. No thanks.

 

[wilky10]

5k out of my own pocket. That does not count the 25k for my A&P that got the internship that allow me to get my instrument through commercial multi and my cfis. Jan 03

 

[mosyslack]

Wilky,

Was that the American Flyers internship? If so, which city did you get? I was up in Chicago at Palwaukee for my year, then DuPage

 

[11thHour]

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

Not only that, but to borrow against your 401k. WTF?!?!?! That's about as big a red flag as you can get that you are about to make a tremendous mistake!

Anyway, my costs in the mid 90's, Private through MEI for $20k.

 

[wilky10]

Wilky,

Was that the American Flyers internship? If so, which city did you get? I was up in Chicago at Palwaukee for my year, then DuPage

Yes, I was in Pompano beach. They kept us pretty busy there.

 

[wilky10]

Wilky,

Was that the American Flyers internship? If so, which city did you get? I was up in Chicago at Palwaukee for my year, then DuPage

Yes, I was in Pompano beach. They kept us pretty busy there.

 

[pilotyip]

Got my CFI in 1973, GI Bill paid 90%, cost me about $125, I rented a C-150 for $5.00/hr dual. Paid $275 for my ATP in a Grumman Tiger in 1978. That is all the flight training I have paid for.