Originally Posted by
patty50
VET student loans have a 20% fee and then go up by CPI. So by the time you finish you're just about 100k in the red with 200ish hours.
Compare that to a cheap PPL plus $104/hr hours building with some 182 time at the end before your test.
Insane Soar is allowed to charge that much for a plane that costs $75/hr to run.
Run the numbers but at the end of the day it's your money not mine.
Thank you. I can self fund my way to a CPL, in say, over a four year period or similar, destroying my savings so far, towards a deposit for a house. However, this is a sacrifice I am willing to make, if it means:
a) I'm going to save a fair bit of coin by avoiding VET.
b) In which case, I may as well go to a school that train students on better aircraft at a lower rate (based solely on forum opinions, as I'm not informed or qualified enough to make the comparison).