Modular V Integrated (Merged) - Look here before starting a new thread!

[mad_jock]

Go on then cost it out including living expenses and then add the compound interest you will have payed over 10 years.

I fly with these poor sods that have that much debt.

Just to help out with no capital pay back just compound.

80k at 5% interest and 10 years is 130k

110k is 180k

And 130k is 210k.

Now 5% is a bloody cheap interest rate.

Whats the current rate for an intergrated course? Shall we be nice and say 70k?

Living for 18 months at 1k a month which is pretty low including accom.

So thats 88k so far.

Now add in a type rating say 30k for that and a couple of months accom so another 2k

So we are up at 120k is that unreasonable?

120k at 5% and 10 years is 1300 a month and 150k payed back

the same with 6% is 1332 a month and 160k payed back.

7% is 1380 a month and 166k payed back.

Now before tax thats going to translate into I will just times it by 1.3 to give a rought estimate.

5% 195k
6% 208k
7% 215k

So I ain't to far off am I?

Now modular shall we call it 80k including type rating? which i might add is high but trying to play fair here by putting Intergrated costs low and modular as high.

That at 7% over 10 years would be 920 a month and 110k repayed and 143k before tax and 143 after so 72k saving but in reall life I would expect it to be over 85k if not 100k.