Matt Posted January 15, 2006 Posted January 15, 2006 Well, i finally decided what i want to do with my life. Ive always had a love for flying ever since i was about 4, and always wanted to fly helicopters, but the fact that the training was SO expensive and that i was a little overweight (heli's dont like fat people ) always threw me off of it. But ive been doing alot of thinking latley and figured, might as well spend the money now and get training for something i love doing and do it for a living instead of spend a little less on other training that i will regret for the rest of my life. Unfortunatly though, i wont be going into flight school for another 6-8 months, need to loose some weight and also need to save up some more money. I had a couple questions, What can i do inbetween now and the next 6 months before Flight school to help me prepare for it? Quote
flingwing206 Posted January 15, 2006 Posted January 15, 2006 All the info you need is only a click away - here's a place to start, Matt. Quote
Matt Posted January 16, 2006 Author Posted January 16, 2006 All the info you need is only a click away - here's a place to start, Matt. Thanks! I can answer yes to all of those questions...except one -Do you have financial backing or a large savings? NO.. Quote
West Coaster Posted January 16, 2006 Posted January 16, 2006 3 words to answer that one... line of credit! Loans suck, got me a LOC for my training and just have to pay back the interest untill I can afford the principal. Sure I'll pay more in the long run, but the bank ain't breathing down my neck either so I couldn't care less. Quote
Matt Posted January 16, 2006 Author Posted January 16, 2006 3 words to answer that one... line of credit! Loans suck, got me a LOC for my training and just have to pay back the interest untill I can afford the principal. Sure I'll pay more in the long run, but the bank ain't breathing down my neck either so I couldn't care less. That ties in with your home and i dont want to do that because im still living with parents and dont want them to put a home equity line of credit on our house for me. Quote
rotocron Posted May 5, 2006 Posted May 5, 2006 A "Line Of Credit" does not necesacerily have to be tied to a mortgage, you just have to have a good enough credit record. Quote
jdegrave Posted May 5, 2006 Posted May 5, 2006 Check into a Part 141 school. Sallie Mae and Key Bank are a couple of lenders who have programs to finace your entire career training. You may need a co-signer but the parents tend to want to help there kids out in these type of matters. It's college funding for the rotor guys. Quote
fry Posted May 6, 2006 Posted May 6, 2006 A "Line Of Credit" does not necesacerily have to be tied to a mortgage, you just have to have a good enough credit record. An unsecured signature loan? That's called a "credit card" and anybody so naive as to fund $50k or $60k of flight training at those interest rates is in for a rude lesson in personal finance. Quote
Goldy Posted May 6, 2006 Posted May 6, 2006 Let's see..for $50 bucks you can get your 3rd class medical, and for anohter $100 bucks in books you can get to the point that you can go pass the written test....why wait? If you really want to do this, go get the medical and written out of the way first.... Quote
cmsrally Posted May 6, 2006 Posted May 6, 2006 Is Key Bank still offering their aviation loan? I thought they pulled out of the aviation bussiness. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.