PPRuNe Forums - View Single Post - Loans for funding flying training.
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Old 18th Nov 2006, 15:16
  #193 (permalink)  
mcgoo
 
Join Date: Oct 2005
Location: uk
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Sean, your parents would be taking one hell of a risk, $70,000 is about £37,000, a secured loan for that amount would be about £500 per month with repayments starting straight away, that monthly figure is for the loan taken over 10 years and you would be repaying about £55,000, if your away training for 18 months then your parents would have to cover those repayments for the whole time you are away and until such time as you gain employment.
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