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Raising training costs

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Old 26th Apr 2009, 11:43
  #21 (permalink)  
 
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I suspect you're a troll.
No sir. I'm most definately a human being.

You came on here asking how to raise a lot of money.
You didn't get the answers you wanted to hear and so you turn on the very people who bothered to reply to your post.
I am not the OP, nor have i turned on anyone. I have merely been offering a different perspective on the topic.
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Old 26th Apr 2009, 12:04
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P-neo

Please see this link and especially look out for Clanger32's posts. Very informative.

http://www.pprune.org/professional-p...dular-way.html
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Old 26th Apr 2009, 12:13
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Come to Life,

I apologise for that misunderstanding. I have modified my post.

BTW, I am not a sir.

I still believe that getting into massive amounts of debt for a full time course is foolish.

I did it all "part time". Looked for work with no debt other than a mortgage which was paid for by renting out property. With hindsight I would have done some training differently, I still would have done it part time though - simply because I did not have the $50,000 required. I wouldn't have changed the career though.
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Old 26th Apr 2009, 12:23
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Come to Life,
I apologise for that misunderstanding. I have modified my post.
BTW, I am not a sir.
Appreciated and understood!
I still believe that getting into massive amounts of debt for a full time course is foolish.
I did it all "part time". Looked for work with no debt other than a mortgage which was paid for by renting out property. With hindsight I would have done some training differently, I still would have done it part time though - simply because I did not have the $50,000 required. I wouldn't have changed the career though.
I couldn't agree more, yet there are plenty of pilots out there who have went the intergrated route, so surely there are a few success stories out there!?
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Old 26th Apr 2009, 12:36
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Thumbs down

yes, there are a few success stories out there, kind of : " I know a friend of a friend, who knows a friend of a friend, who is at BA "....

I know a guy who win the lottery, saw this in the news...."want be a millionar?"

this doesn't mean you have to borrow money. Oh..., and anyway, no one is going to give you money for a flight training kiddo, so no meed to spend too much time here how to explain you how to get easy money and file bankrupt later(banks have been fooled, not twice).

You can still print money from your color laser printer, but be advised that the printer lets an invisible mark somewhere so they can one day track you and send you to jail.
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Old 26th Apr 2009, 13:06
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Quote - I couldn't agree more, yet there are plenty of pilots out there who have went the intergrated route, so surely there are a few success stories out there!?

I suspect you are more than correct in the above.

If an aspirant has the funds in place and the source of those funds is unlikely to present an overwhelming burden upon commencement of their first flying position, then the choice is simply integrated vs modular. I imagine most would choose the former.

However, irrespective of the route chosen we cannot escape the fact that credit is incredibly difficult to secure at present even for those with collateral to offer. Thus, securing credit without the necessary collateral is likely to prove nigh impossible

Moreover the earnings potential of newly minted pilots is not at a level which can sustain debt servicing whilst also making provision for an adequate lifestyle.

The buy now pay later mindset which prevailed for so long must now end with people accepting responsibility for their actions.

For many years people have been working day jobs whilst paying for and attending night school studying medicine, engineering, law etc, but for some reason pilots feel the need to accelerate the process. Some of this is due to clever marketing by FTO's but the mindset referred to above still prevails.
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Old 26th Apr 2009, 13:20
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A good post Donalk. I would mention however that it is probably (this is going to sound completely mad) easier to hand over a large lump sum of money and have your training on a plate for you, rather than to spend £160 per hour (at some UK airports) to get an hours worth of training rather than spend £30 and go for a night out with your mates or to go see your footall team.

I hope that makes sense!
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