Ever since the US economy went haywire in mid 2008, it has been almost impossible for most us here in the US to obtain a student loan to pay for the flight training. It used to be much easier before. There were various options available to most; like the Sallie Mae, US Bank, Bank of America. Most banks would finance professional pilot training against the applicant’s credit.
Since 2008, things have changed a lot. Now one may walk in with an excellent credit, but still no student loans. Banks look at the borrower’s ability to repay the loan back in a new light. Not only credit, but job availability and potential future income are considered as well.
No bank loan means no chance at being able to afford flight training? It should not be like this. And really, its not. Back in the days, in 80’s when we trained, there were really no bank loans around. We would simply save up money by working various jobs and then go and spend it at a flight school. In my case, it took me 4 years to go from student pilot to Flight Instructor. This was the downside. The upside was that I walked away as a CFI with no student loan to pay off over the next 15 years.
During my career as a flight instructor, I have trained many others in my shoes. Most are airline pilots now. And many had odd jobs to earn the money for their training.
What if I show you how you can earn the money and pay for your flight training cash, and be a Commercial Pilot within a year’s time? And no student loan needed. Would this get your interest?