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Loans For Flight Training  
User currently offlineWestern727 From United States of America, joined Jan 2007, 727 posts, RR: 4
Posted (12 years 11 months 1 day 6 hours ago) and read 1511 times:

This may be a topic for another forum, but I'm asking it here because I think this is place where it is most likely to be answered accurately.

Here is my situation. I will graduate from college next year, and I will have a BS in Accounting. I'm considering taking out a loan to finish my flight training (through CFII/MEI). It would take about 8 years to finish without the loan.

Now, here's the question: What is a typical interest rate and term of a loan for that type. I'm not sure whether I'd be eligable for a Perkins or Stafford Loan (and besides that, I already know the term and interest rate for those, and I might just be making to much as an accountant...)

Perhaps someone can comment who has taken out a loan to finish flight training.

Thanks,
Mike
Mike


Jack @ AUS
2 replies: All unread, jump to last
 
User currently offlineIainhol From , joined Dec 1969, posts, RR:
Reply 1, posted (12 years 11 months 1 day 5 hours ago) and read 1457 times:

I wrote an article for Jetcareers about this, you might want to have a look: Click Here. I hope it helps!
Iain


User currently offlinePanAm747 From United States of America, joined Feb 2004, 4242 posts, RR: 9
Reply 2, posted (12 years 11 months 1 day 4 hours ago) and read 1449 times:

A flight club I was in had a SallieMae learning loan that you could get.


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