# What should I do?

1. Sep 8, 2007

I need a loan for approximetly $60,000. The money will be used to pay for college as well as pay for addiitonal pilot ratings. (Already a priavte pilot). The goal is to eventually fly for hire, but I'll need college and additinal rating before I can do that. Where can I get a loan for this amount? 2. Sep 8, 2007 ### wildman Go to the college financial aid office. They will set you up. 3. Sep 9, 2007 ### Astronuc ### Staff: Mentor One is fairly limited to the action suggested by wildman. One will likely not get a loan for$60,000, especially at a reasonable interest rate, unless one has collateral. Student education loans are normally given on a year by year basis, in which case, interest will be added in successive years until one starts repaying the loan.

I would recommend minimizing the loan, and instead working part-time, and/or try to secure some grants or tuition waivers.

4. Nov 21, 2007

### shes_got_issues

Astronuc's right, your more than likely gonna need some collateral. have a look on http://www.moneysupermarket.com/loans/ to give you an idea of what you can expect.

hows the flying going anyway, that's something ive been looking into? Are you heading for your instrument training an what now?

i think i'd like to be a cooperate pilot, or just a private pilot for people that need flying - is that flying for hire? Or do you just mean you will hire a plane every time you wanna fly. Guess that would probably work out cheaper wouldn't it. Upkeep, hanger fees an all that sure do add up!

5. Nov 21, 2007

### Crosson

6. Nov 21, 2007

### Poop-Loops

Yeah, seems like going to the Air Force would be the "easy" way out.

7. Nov 21, 2007

### Asphodel

Cheap but not easy. Also, the USAF isn't the only branch with planes. :surprised