Western727 From United States of America, joined Jan 2007, 753 posts, RR: 4 Posted (13 years 7 months 4 days 14 hours ago) and read 1646 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.