Comments on: Is there a way to borrow money to get a private pilots license? http://Private--Planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/ Enjoying private planes and their advantages. Thu, 07 May 2009 04:50:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: private_jet_charter http://Private--Planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/comment-page-1/#comment-509 private_jet_charter Fri, 16 Jan 2009 19:55:04 +0000 http://private--planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/#comment-509 There is a company called Pilot Finance which does exactly that. Its like a student loan for flight training. Here is their website Hope this helps and good luck! There is a company called Pilot Finance which does exactly that. Its like a student loan for flight training. Here is their website
Hope this helps and good luck!

]]> By: jubilee1234 http://Private--Planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/comment-page-1/#comment-508 jubilee1234 Fri, 16 Jan 2009 01:58:02 +0000 http://private--planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/#comment-508 Try Sallie Mae Loans. I knew a guy who got a loan for his Private a few years ago. Try Sallie Mae Loans. I knew a guy who got a loan for his Private a few years ago.

]]> By: Carlos S http://Private--Planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/comment-page-1/#comment-507 Carlos S Thu, 15 Jan 2009 15:28:55 +0000 http://private--planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/#comment-507 You have to get contact with a school which has a good financial status with a bank.. they will then give you a loan.. but you need to do your best to be the best.. You have to get contact with a school which has a good financial status with a bank.. they will then give you a loan.. but you need to do your best to be the best..

]]> By: Craig R http://Private--Planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/comment-page-1/#comment-506 Craig R Wed, 14 Jan 2009 13:21:07 +0000 http://private--planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/#comment-506 Sure... borrow against an asset like your house. But you should think it through. You don't want to borrow money for a purpose that doesn't generate the income to pay it back. Learning to fly is a small enough thing that you should be paying for it as you go. If, on the other hand, you're on track for a commercial ticket and plan to make money flying, then paying back your loans is one of the things you can do with the money you make from flying. I just don't think the average person should borrow to get their private pilot's license. It's like borrowing money to play laser tag or to go to the movies. Sure… borrow against an asset like your house. But you should think it through. You don’t want to borrow money for a purpose that doesn’t generate the income to pay it back. Learning to fly is a small enough thing that you should be paying for it as you go.

If, on the other hand, you’re on track for a commercial ticket and plan to make money flying, then paying back your loans is one of the things you can do with the money you make from flying. I just don’t think the average person should borrow to get their private pilot’s license. It’s like borrowing money to play laser tag or to go to the movies.

]]> By: Falcon163 http://Private--Planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/comment-page-1/#comment-505 Falcon163 Mon, 12 Jan 2009 22:10:34 +0000 http://private--planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/#comment-505 Bank would be the best bet Bank would be the best bet

]]> By: tmgraywolf http://Private--Planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/comment-page-1/#comment-504 tmgraywolf Fri, 09 Jan 2009 16:50:07 +0000 http://private--planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/#comment-504 I'm not sure how they are since the credit crunch, but you might try Sallie Mae (federal) as a student loan. A friend of mine did this a few years ago an dlisted "job vocation or change" as a reason...he wants to be a CFI... they approved it at 3%...then... who knows now. Good luck! I’m not sure how they are since the credit crunch, but you might try Sallie Mae (federal) as a student loan. A friend of mine did this a few years ago an dlisted “job vocation or change” as a reason…he wants to be a CFI… they approved it at 3%…then… who knows now.

Good luck!

]]> By: XP Pilot http://Private--Planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/comment-page-1/#comment-503 XP Pilot Thu, 08 Jan 2009 21:22:53 +0000 http://private--planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/#comment-503 For a private, its difficult to find any sort of student loan. About the only chance you might have would be a personal loan from a bank or credit union or an equity loan on your house. You can get student loans for higher ratings like Commercial multi-engine. I think most banks probably think its not worth making a loan for a private certificate because a. not enough money is involved ($10,000 or less) and they won't make much interest and b. You can't legally make any money with a private certificate in order to pay back the loan. You have to have a commercial certificate to do that. In order to obtain a commercial multi-engine instrument rating, you would need loans for upwards of $50,000. For a private, its difficult to find any sort of student loan. About the only chance you might have would be a personal loan from a bank or credit union or an equity loan on your house. You can get student loans for higher ratings like Commercial multi-engine. I think most banks probably think its not worth making a loan for a private certificate because a. not enough money is involved ($10,000 or less) and they won’t make much interest and b. You can’t legally make any money with a private certificate in order to pay back the loan. You have to have a commercial certificate to do that. In order to obtain a commercial multi-engine instrument rating, you would need loans for upwards of $50,000.

]]> By: John B http://Private--Planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/comment-page-1/#comment-502 John B Mon, 05 Jan 2009 23:26:33 +0000 http://private--planes.com/private-planes/is-there-a-way-to-borrow-money-to-get-a-private-pilots-license/#comment-502 No. They have a deal with the bank. Flight schools don't loan money and banks don't teach flying. No. They have a deal with the bank. Flight schools don’t loan money and banks don’t teach flying.

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