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What should I do?

  1. Sep 8, 2007 #1
    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. jcsd
  3. Sep 8, 2007 #2
    Go to the college financial aid office. They will set you up.
     
  4. Sep 9, 2007 #3

    Astronuc

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    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.
     
  5. Nov 21, 2007 #4
    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!
     
  6. Nov 21, 2007 #5
    Join the Airforce, train to fly for free.
     
  7. Nov 21, 2007 #6
    Yeah, seems like going to the Air Force would be the "easy" way out.
     
  8. Nov 21, 2007 #7
    Cheap but not easy. Also, the USAF isn't the only branch with planes. :surprised
     
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