rotorwish Posted July 14, 2007 Posted July 14, 2007 (edited) I Financed it -- I paid it off in three years - here's the text from the online payment page. So you can finance it and pay it off for far less than the total if you do it over 1 or 20 years. A little hard work and discpline pays! This is a XXXXXXXXXXXX Loan for the period of 06-01-2004 to 12-19-2004. The loan amount applied for was $XXXXX. The amount of $XXXXXX was approved on 06-04-2004 The loan status is "Paid Payments". The current lender for this loan is XXXXXXXX. The school in which you were enrolled was XXXXXXXXXXXXXXXXX. Note that additional time beyond the disbursement date shown may be needed for school processing. So the 4th line I think sums up the point. I am done. My training is paid for working as a Pilot. It's almost like getting my CFII or that first 1000 hours. Edited July 14, 2007 by rotorwish Quote
Pogue Posted July 14, 2007 Posted July 14, 2007 This is a XXXXXXXXXXXX Loan for the period of 06-01-2004 to 12-19-2004. The loan amount applied for was $XXXXX. The amount of $XXXXXX was approved on 06-04-2004 The loan status is "Paid Payments". The current lender for this loan is XXXXXXXX. The school in which you were enrolled was XXXXXXXXXXXXXXXXX. Note that additional time beyond the disbursement date shown may be needed for school processing. So the 4th line I think sums up the point. I am done. My training is paid for working as a Pilot. It's almost like getting my CFII or that first 1000 hours.Good Job! Quote
ADRidge Posted July 14, 2007 Posted July 14, 2007 Feels good to take that step. Just wait till you get walk out of the flight surgeon's office for the first time, holding that student pilot certificate. Congratulations. Where are you training? Quote
southernweyr Posted July 14, 2007 Posted July 14, 2007 It takes discepline and hard work to pay off your loan in 3 years. Good job. Now you have an extra $1000 per month what are you going to do with it all? Quote
bqmassey Posted July 14, 2007 Posted July 14, 2007 Very nice!! Any tips? How did you afford to make big payments on the loan while CFI'ing? Quote
xusmcr Posted July 21, 2007 Posted July 21, 2007 If there are any ex military out there I need a ? answered if at all possible. Is it true that with a disability rating of 20% or more the VA will provide payment for flight school. Quote
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