Hi
I have been looking around various flight training organisations and have come to the conclusion that, once i have my PPL, the rest of my flight training will cost around £25,000. Now thats taking into account for ATPL ground exams full time, CPL inc ME, IR and MCC. (i will have an extra £10k saved up before getting this loan)
The repayments on the loan would be easily affordable (£450/month) (i live with the olds and have no other outgoings luckily) and also i dont have to commence payments for 9 months after my training has finished (which gives me time to earn more backup cash in case of unforseen problems).
Once all my training is done i intend to get an FI rating and working as an FI to build my hrs up. Im well aware that i may be trying for a long time before a get a job with a pax/cargo airline.
Now i was wondering what all you knowledgable folks think of this plan?
I would apprectiate constructive criticism rather than a slanging match.
Thanks in advance
Dave
