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Pilot Journey ForumsStarting OutChoosing a flight SchoolTopic: AFFORDING & FINANCING flight school & training
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PilotJeff
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« on: March 27, 2006, 12:27:34 pm »
I think one of the greatest concerns, at least for myself, a private pilot of a whopping 3.5 hours in a Cessna 172sp, is how to AFFORD flight school.

What is your situation?  How are you affording/plan to afford flight school?

My situation: Currently, I plan on having my debt paid-off in four or five months, a credit card and my vehicle.  This way, when I'm in flight school this winter I can get a Part Time job for food & housing & gas while having to get a Student Loan for the Commercial, Instrument, Multi-Engine training.

This string should produce some good info. for all of us aspiring professional pilots!

Cheers,
Jeff
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Deuce
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« Reply #1 on: March 27, 2006, 10:07:09 pm »
this is the single thing that scares me the most about trying to become a pilot.  It seems increadibly expensive.

Currently i am a senior in college and i will be graduating in august.  I am also in the Air national guard, they are paying for my college so luckily for me i will come out of school debt free.

I plan on using what is left of my GI bill towards flight training, it's not a lot but it's better than nothing and will cover some of the costs.  The rest of the money i will most likely have to take loans out for Sad

What really scares me, is that beginning regional airline first officers dont make much money at all, i really hope i could pay back the loans i would have accumulated and if i were not to get hired by an airline, i would be out a ton of money and it would be a complete waste.  thats what really scares me.

well what about the rest of you, how do you pay for flight training? do you have any tricks for me to better afford this endevor? thanks for the help!
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JJ
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« Reply #2 on: September 25, 2006, 01:26:25 pm »
 i also plan to use my gi bill when i return to the states.  the only problem is the only 141 program i can find is an accademy and im not sure ill have time to attend the full course and graduate, so that is another problem i've run in to.  as far as using your gi bill can you explain to me the whole process in how i do that. thanks.


JJ
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GaryBradshaw
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« Reply #3 on: September 25, 2006, 06:37:55 pm »
Quote from: JJ on September 25, 2006, 01:26:25 pm
i also plan to use my gi bill when i return to the states.  the only problem is the only 141 program i can find is an accademy and im not sure ill have time to attend the full course and graduate, so that is another problem i've run in to.  as far as using your gi bill can you explain to me the whole process in how i do that. thanks.
JJ

Hi JJ

It is rather easy really.  Find any school that is can accept it and then they will do the paper work  Smiley Smiley

There are MANY schools out there that offer 141 training that are not academy type programs and they will take the GI bill.

The only thing for the GI bill is that you have to pay 100% of your first step in training, that is for the Private Pilot.  After that the GI Bill will pay 60% of the cost - still a really good deal!

If you have any more questions I will try to help.  And thank you for serving our country.

Gary
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agbgng
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« Reply #4 on: September 26, 2006, 08:20:54 pm »
Quote from: JJ on September 25, 2006, 01:26:25 pm
i also plan to use my gi bill when i return to the states.  the only problem is the only 141 program i can find is an accademy and im not sure ill have time to attend the full course and graduate, so that is another problem i've run in to.  as far as using your gi bill can you explain to me the whole process in how i do that. thanks.


JJ

JJ,

There are several dozen 141 flight schools out there.  Just try to locate one in your area (yellow pages, AOPA, other search engines).  It is important NOT to start flying until your paperwork (VA benefits) has been approved.  Also, plan on devoting quite a bit of your time to this.  Otherwise, you will not do well in a 141 enviroment.  Instead of once or twice a week, you should plan on three or more for 3-4 hours.  Do not forget to plan on having 1-2 hours of reading/reviewing for the next lesson as well.

Brian
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Tom
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« Reply #5 on: February 19, 2007, 04:41:22 pm »
I hear ya!  I am about to begin, and I have many of the same concerns.  I want to get my license so I can "live the dream" but its the financial burden that I'm worried about.  Are there any tricks out there? 

My plan is just to stay ahead of the game so that I make every hour of my lessons count.  I've read the first few chapters of the pilot manual and I am hoping to take my first lesson this Saturday.  I want to get as far ahead as possible so I am really learning, and not just hearing things for the first time with the instructor.
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