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Thread: Loans to fly ... help!

  1. #11

    Join Date
    Aug 2012
    Location
    Buffalo, NY
    Posts
    16
    Thanks everyone for the helpful hints and tips!! Currently I have paid for most of my private rating in cash, but i don't have a job or jobs for the sufficient income right now. I'm in the process of interviews and such for better paying jobs. In the meantime I am looking into different colleges and universities because I do want a bachelor's degree. I also wanted to take out additional loans so that i can at least finish my flying up. Like i said i really like Everglades and their curriculum, it definitely sparked my interest, however can i take additional loans from places like sallie mae to finish flying? Everglades does not support the flying portion of it. I'm new to school, i finished high school almost 15 years ago, so I'll be honest in saying i dont have any clue how this works. Add the fact that it's all in aviation, and you can't exactly sign up for aviation anywhere, it seems more confusing. i just want to fly haha! but i do not want to relocate from BUF right now. so anything online is helpful.
    I have also written a few essays and received some letters of recommendation for scholarships thru WAI. (Money i dont have to pay back is always worth a shot at getting).

  2. #12

    Join Date
    Jan 2012
    Posts
    302

    Less Expensive Aviation

    Sarah,

    I expect you are primarily interested in mainstream aviation, however, check out the thread "Learning to Fly Ultralights". It is a good thing to broaden your aviation experiance and the costs can be much much less.

  3. #13

    Join Date
    Jan 2012
    Posts
    302

    Shocked Ownership Optionss

    Quote Originally Posted by jedi View Post
    Sarah,
    .... and the costs can be much much less.
    For example I just worked with a student that purchased an older Ultralight in good condition but needing some work. He has about $3,000 invested and an UL he can fly for about $20 per hour. He will learn the basics better than the average private pilot then resell the aircraft and move on.
    I will be first to say that this approach is not for everyone but it should be considered. Cessna 120/140s can be had for about $20,000 and are an excellent training plane. Resale value in 3 years will likely be 10% higher if well maintained. Per hour flight costs are under $50 per hour. Add in hangar and fly as much as you can to lower fixed costs per hour. In the end you will be a well qualified pilot but you must sell when your time is right and move up to more modern equipment if you do not wish to stay an antique pilot.

  4. #14
    turbo's Avatar
    Join Date
    Sep 2011
    Posts
    100
    sarah, this may sound crazy but i heard of a person who worked up a website, promoted himself and received $$ to get his helicopter rating. now that is fantastic. i think i heard about it on some podcast. may be a different route but it worked for someone. wish i had more info for you but keep on trying and you will get there.
    Ed DArcy 'Turbo'
    R-44 N7511G 1,300 hrs / RV-6 N26ED 4,700 hrs / helicycle 100 hrs
    Stuart, FL Hartford,Ct Virgin Gorda, BVI

  5. #15

    Join Date
    Sep 2012
    Posts
    4

    Loans to fly

    Quote Originally Posted by pilotgirlbuf View Post
    I am a student pilot flying out of 9G3 (akron, ny), and I have fallen into the financial trap that is so easy to do ... I've run out of cash to fly! I am looking to get into school, I've applied at Utah Valley University looking to attend in January, I have had a hard time getting into the fall semester. I've also read into Everglades University in Florida, they have a really great curriculum, but they do not have any flight training.
    Couple of questions:
    1. Can I attend Evergades and get loans to fly on the side even though they do not support the flight training portion?
    2. Can I get loans through Sallie Mae or any other lender BEFORE I actually attend college?

    Any tips or help would be great!!!

    Sarah
    Do you have a skill that you could use to trade for flight time? Say like you used to install roofs, and your instructor needs a new roof! Just an idea.

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