I just came across this post. I am far from having a license, but do enjoy the thought of being a career pilot. I have zero formal training at this point. I am 31 years old and certainly cant afford to drop the $70k or so needed to get this license. Is this something that is likely out of my reach? Should I be content sticking to flying for recreation only? I am in Ohio, and not sure what programs or financial aid are available in my area...
Thanks for the input...
Mike
Mike,
Depending on your motivation, I would say that an airline career is still within your reach. First, their are a couple of financing options available that can defer your payments until completion of the flight training. While interest rates are not great for such loans you may also have options through your private bank (i.e. equity, etc.). This may reduce the interest rate since it will be a secured loan.
A more realistic total cost would be 50k-55k for a total training and you could expect a timeline of 6-8 months to complete the training and then another 6-8 months working as a Flight Instructor in order to build flight time needed by a regional airline.
As for local flight schools, check the listing here:
www.pilotjourney.com/flightschools The typical loan provider for most flight schools is Sallie Mae:
www.salliemae.com but as I mentioned there may be other options you wish to explore.
Hope this helps.
Spencer