Loans for funding flying training.
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I would like to add that I have taken many people's advice on these forums, and concluded exactly as GHB has just said.
I am 21. PPL, 110 hours. Canadian License. ENGLISH nationality. I have a great interest in French. Therefore, I am obsessive about mastering it (not far off, but always something new to learn...I mean complete native fluency). I wish to become an interpreter. I must immerse (doing), study incredibly every day (doing 6-10 hours a day), and work (doing). I teach jazz piano so I earn £20-£25 an hour from my number of students, so thats not bad and I suppose I am lucky to be able to earn that money for an hour, for my age..but once I am comfortable enough to approach the Specialised Universities for Interpration and Translation, I must do a 1-2 year masters degree in Interpretation. I need to go armed with my two languages mastered (EN <> FR). (working on!)
Once I am qualified, the work is endless. I am in touch with current professionals in the field, in Canada (my place of interest as some might know) and the money will be of more than first time Flying Instructors and can be plus £40K. So, I am going to enjoy my early twentys with freedom, intense studying (they do go together when the subject is languages and you need to do and go lots of places!) and then work like a maniac on this Interpretation Course and be out, I reckon when I'm 24 turning 25. I'm 21.5 now. Then, I will be able to afford, give or take, whatever flying I want. I will be self employed, that's how most interpreters/translators go, so I'll enjoy freedom somewhat too rather than 9-5 same place same people.
I hope this will lead to me be able to achieve my CPL Multi IFR etc, and perhaps 30, I might change careers, or whatever. Who knows. I don't want to use Interpretation as a "stepping stone" as it's an ultimate career for language enthusiasts...but, one thing at a time.
So, in conlusion, I'd like to add that I am putting flying on the back-burner, taking my time, and am going to enjoy my 20's not being in debt and being able to pay for any flying I wish with my career job as Interpreter. A masters degree in this profession, with this language, would be of interest ti Air Canada anyway
I hope my little story is of use, somehow, to anybody!
Dan
I am 21. PPL, 110 hours. Canadian License. ENGLISH nationality. I have a great interest in French. Therefore, I am obsessive about mastering it (not far off, but always something new to learn...I mean complete native fluency). I wish to become an interpreter. I must immerse (doing), study incredibly every day (doing 6-10 hours a day), and work (doing). I teach jazz piano so I earn £20-£25 an hour from my number of students, so thats not bad and I suppose I am lucky to be able to earn that money for an hour, for my age..but once I am comfortable enough to approach the Specialised Universities for Interpration and Translation, I must do a 1-2 year masters degree in Interpretation. I need to go armed with my two languages mastered (EN <> FR). (working on!)
Once I am qualified, the work is endless. I am in touch with current professionals in the field, in Canada (my place of interest as some might know) and the money will be of more than first time Flying Instructors and can be plus £40K. So, I am going to enjoy my early twentys with freedom, intense studying (they do go together when the subject is languages and you need to do and go lots of places!) and then work like a maniac on this Interpretation Course and be out, I reckon when I'm 24 turning 25. I'm 21.5 now. Then, I will be able to afford, give or take, whatever flying I want. I will be self employed, that's how most interpreters/translators go, so I'll enjoy freedom somewhat too rather than 9-5 same place same people.
I hope this will lead to me be able to achieve my CPL Multi IFR etc, and perhaps 30, I might change careers, or whatever. Who knows. I don't want to use Interpretation as a "stepping stone" as it's an ultimate career for language enthusiasts...but, one thing at a time.
So, in conlusion, I'd like to add that I am putting flying on the back-burner, taking my time, and am going to enjoy my 20's not being in debt and being able to pay for any flying I wish with my career job as Interpreter. A masters degree in this profession, with this language, would be of interest ti Air Canada anyway
I hope my little story is of use, somehow, to anybody!Dan
Join Date: Mar 2006
Location: Northumberland
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Serious loan question
I know a lot of people get lucky and get a job during/soon after training. I really like the sound of Jerez, but even though it's pretty much all inc. i'm just worried about getting the loan.
What are people doing about it, with regards to paying it back after training, if you don't secure a flying job.
How do you plan to manage? Do you have another job lined up, or something you can fall back on? Or is it a case of the parents can always help you out, because i certainly don't have that luxury
I havn't seen a thread on this yet, and am really interested on what people plan to do about paying the loan back, with no job secured.
thanks
(this includes secured loans
)
What are people doing about it, with regards to paying it back after training, if you don't secure a flying job.
How do you plan to manage? Do you have another job lined up, or something you can fall back on? Or is it a case of the parents can always help you out, because i certainly don't have that luxury
I havn't seen a thread on this yet, and am really interested on what people plan to do about paying the loan back, with no job secured.
thanks
(this includes secured loans
)
Last edited by sicky; 9th Jun 2006 at 19:06.
Join Date: May 2005
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Stapleford now have an agreement with Barclays to fund their training under the PSL packeage. Not sure if it would include their 737 type rating course too. Worth speaking to Barclays!!
Join Date: Jun 2006
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Funding Options
Hi Guyz,
Any loans or schemes to fund international students for Professional flight training. I was born in Asia and came to UK for higher studies. I have completed Aeromechanical systems Engineering from Cranfield University(RMCS) and then went onto do M.Sc in Airport Planning & Mgmt from Loughborough Uni on a Royal Aeronautical society scholarship. Having completed all this qualification, I am still waiting to have my chance for a long cherished career of being a pilot. I have recently started working for airport consultancy as an engineer for regional airports.
Got my JAA Class 1 medical certificate sorted three days ago and have made an application to GAPAN for ATPL. Are there any similar schemes like GAPAN for becoming a pilot. I don't have previlege like you guyz from UK to seek loans from HSBC or family support. All the monies I had, was spent on my first degree and second degree and am already in debt of £9000 to british bank.
If any one have any information of similar pilot training schemes, then do let me know.
Good luck all for GAPAN ATPL
Sam
Any loans or schemes to fund international students for Professional flight training. I was born in Asia and came to UK for higher studies. I have completed Aeromechanical systems Engineering from Cranfield University(RMCS) and then went onto do M.Sc in Airport Planning & Mgmt from Loughborough Uni on a Royal Aeronautical society scholarship. Having completed all this qualification, I am still waiting to have my chance for a long cherished career of being a pilot. I have recently started working for airport consultancy as an engineer for regional airports.
Got my JAA Class 1 medical certificate sorted three days ago and have made an application to GAPAN for ATPL. Are there any similar schemes like GAPAN for becoming a pilot. I don't have previlege like you guyz from UK to seek loans from HSBC or family support. All the monies I had, was spent on my first degree and second degree and am already in debt of £9000 to british bank.
If any one have any information of similar pilot training schemes, then do let me know.
Good luck all for GAPAN ATPL
Sam
Join Date: May 2006
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funding for airline pilot training
hi guys, iam 18 and have no flying experince, iam having a problem about loans, i own nothing and my parents get benifits, how do i get funded for my pilot training if i cant get into sponserships
any advice
any advice
Join Date: Jul 2005
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Only way to fly without money IS sponsership.
Try the CTC cadet programme
http://www.ctcaviation.com/wings/0402.html
•On the date of application you must be at least 18 years old and not yet 30 years old
•You must be able to prove your unrestricted legal right to live and work in the EU
•You must have passed a minimum of 5 GCSEs at grade C or above, to include Maths, English and a Science
•You must have 2 A Levels at grade C or above - or an Honours Degree, minimum level 2:2. (Equivalent qualifications will be considered)
•You must be fluent in written and spoken English
Or I guess you could try the military...Or rob a bank
Try the CTC cadet programme
http://www.ctcaviation.com/wings/0402.html
•On the date of application you must be at least 18 years old and not yet 30 years old
•You must be able to prove your unrestricted legal right to live and work in the EU
•You must have passed a minimum of 5 GCSEs at grade C or above, to include Maths, English and a Science
•You must have 2 A Levels at grade C or above - or an Honours Degree, minimum level 2:2. (Equivalent qualifications will be considered)
•You must be fluent in written and spoken English
Or I guess you could try the military...Or rob a bank
Join Date: Aug 2000
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Originally Posted by Hamil000
how do i get funded for my pilot training if i cant get into sponserships
PP
Join Date: Jun 2006
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Funding Options
Funding Options
Hi Guyz,
Any loans or schemes to fund international students for Professional flight training. I was born in Asia and came to UK for higher studies. I have completed Aeromechanical systems Engineering from Cranfield University(RMCS) and then went onto do M.Sc in Airport Planning & Mgmt from Loughborough Uni on a Royal Aeronautical society scholarship. Having completed all this qualification, I am still waiting to have my chance for a long cherished career of being a pilot. I have recently started working for airport consultancy as an engineer for regional airports.
sorted my JAA Class 1 medical certificate three days ago and have made an application to GAPAN for ATPL. Are there any similar schemes like GAPAN for becoming a pilot. I don't have previlege like you guyz from UK to seek loans from HSBC or family support. All the monies I had, was spent on my first degree and second degree and am already in debt of £9000 to british bank.
If any one have any information of similar pilot training schemes, then do let me know.
Good luck all for GAPAN ATPL
Sam
Hi Guyz,
Any loans or schemes to fund international students for Professional flight training. I was born in Asia and came to UK for higher studies. I have completed Aeromechanical systems Engineering from Cranfield University(RMCS) and then went onto do M.Sc in Airport Planning & Mgmt from Loughborough Uni on a Royal Aeronautical society scholarship. Having completed all this qualification, I am still waiting to have my chance for a long cherished career of being a pilot. I have recently started working for airport consultancy as an engineer for regional airports.
sorted my JAA Class 1 medical certificate three days ago and have made an application to GAPAN for ATPL. Are there any similar schemes like GAPAN for becoming a pilot. I don't have previlege like you guyz from UK to seek loans from HSBC or family support. All the monies I had, was spent on my first degree and second degree and am already in debt of £9000 to british bank.
If any one have any information of similar pilot training schemes, then do let me know.
Good luck all for GAPAN ATPL
Sam
Join Date: Jun 2006
Location: Brighton UK
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HSBC LOANS
Hi everyone,
I've just got offered a place to start an Integrated course with Cabair and I'm now trying to convince HSBC that funding my training is a good idea.
They asked me for a business plan (
####!!!!) Business plans are definetly not my strength so I'd like to ask anyone who as been through the same process for some advice on what kind of structure should the plan have.
Any websites with decent templates?....
Thanks a bunch!!!
I've just got offered a place to start an Integrated course with Cabair and I'm now trying to convince HSBC that funding my training is a good idea.
They asked me for a business plan (
####!!!!) Business plans are definetly not my strength so I'd like to ask anyone who as been through the same process for some advice on what kind of structure should the plan have.Any websites with decent templates?....
Thanks a bunch!!!
Join Date: Jun 2006
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Unfortunately im not going to provide the detailed reply you are looking for, mainly due to the fact that i don't have a clue about submitting this type of business plan. However, what i do know is that this has been discussed in great length throguhout the years on PPRUNE. If you do a search of the forum you should find some very useful information.
Join Date: Jun 2006
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Are there any banks that offer loans to pilots for training?
I have nearly finished my PPL and am now looking for financial aids towards my CPL and IR. Are there any banks or building societies out there that offer this sort of loan to pilots or have they all stopped this?????
Join Date: Mar 2006
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I know HSBC (at least the branch in Oxford) offer a professional studies loan for pilot training. Not sure if this is for integrated only though, and if they stipulate what FTOs are accepted. Worth a look though.
Hope this helps.
Hope this helps.
Join Date: May 2004
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Other Types Of Funding ?
Hi All,
I'm currently studying for my ATPL via Disatnce learning, like most i've got a mortgage to pay ( Past Two Years ) and can't give up work to study full time.
Other than Banks what other type(s) of finacial help is there available for would be ATPLs, Ie some sort of UNI loans etc, i just can't believe that it's only the Bank Manager who can help us.
Thanks
SB001
I'm currently studying for my ATPL via Disatnce learning, like most i've got a mortgage to pay ( Past Two Years ) and can't give up work to study full time.
Other than Banks what other type(s) of finacial help is there available for would be ATPLs, Ie some sort of UNI loans etc, i just can't believe that it's only the Bank Manager who can help us.
Thanks
SB001
Join Date: Nov 2002
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You can get a 'career developement loan' for certain high street banks.
These are loans designed and tailored towards careers which have a high initial outlay but the banks know that they should be able to get a return on.
I believe that you have to be in a recognised course/place of study but you would need to check this.
These are loans designed and tailored towards careers which have a high initial outlay but the banks know that they should be able to get a return on.
I believe that you have to be in a recognised course/place of study but you would need to check this.
Join Date: May 2004
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Hi Tired-Flyboy,
Yes i've heard of those, but i've spoken to other Pilots and they've said don't bother with them as the interest is far to high and you can only get up to 5-7K ?
I'm in a job that doesn't pay very well but what pay i do get is helping but at this rate i'll be 90 by the time i pass everything
Like most i've funded my PPL and Class 1 plus paying for my GS and exam fees but for the Flying part i'll need help
SB001
Yes i've heard of those, but i've spoken to other Pilots and they've said don't bother with them as the interest is far to high and you can only get up to 5-7K ?
I'm in a job that doesn't pay very well but what pay i do get is helping but at this rate i'll be 90 by the time i pass everything
Like most i've funded my PPL and Class 1 plus paying for my GS and exam fees but for the Flying part i'll need help
SB001
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loans
Hey guys i know stapleford have secured a deal with barclays for a psl, however barclays dont mention it on their website. ight be worth ringing SFC to find out more.
Join Date: Jul 2002
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Which banks?
Just finished the groundschool exams.
I now need to fund a CPL/IR.
Which banks provide a loan whereby you can start paying back at a later date. This is important as I won't be able to work whilst training.
What advice would other 'modular' students give at this stage?
Any info appreciated.
Career development loans?????
I now need to fund a CPL/IR.
Which banks provide a loan whereby you can start paying back at a later date. This is important as I won't be able to work whilst training.
What advice would other 'modular' students give at this stage?
Any info appreciated.
Career development loans?????
Join Date: Feb 2006
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Bank Loan after passing Ryanair Interview
Hi guys,
first of all, I'd like to thank you for all the times I sent something and lots of you answered quickly and clearly to help me... Really thank you.
So, here's another impossible question that maybe has some possible answers:
I'll start my course in Stapleford in a week... Integrated ab-initio to fATPL. It'll thake around 18 - 20 months according to what they say...
The question is this: for this course I'm using ALL the money I have (around £ 35000)... After this course, I'll have to do a TR in something in order to get a job (Ryanair, Easyjet, whatever!)
Do you think there will be any chance to get a loan for the TR if the company accepts you after the interview?
I mean: I do the interview, they say
- "yes, now you have to do the TR. When you'll finish it, come back and you'll get the job"
Do you think that a bank can loan me something like 15-20k to do the TR with such an answer from the airline? Does this kind of answer assures you a loan? Are there companies that give you the contract BEFORE doing the TR?
I know these are more than one question... If you can, please give me some advice, because I'm terrified with the idea of finishing the course and then being unable to start working because of the TR!!!!
Thanks again for any help you can give me.
Allioth
first of all, I'd like to thank you for all the times I sent something and lots of you answered quickly and clearly to help me... Really thank you.
So, here's another impossible question that maybe has some possible answers:
I'll start my course in Stapleford in a week... Integrated ab-initio to fATPL. It'll thake around 18 - 20 months according to what they say...
The question is this: for this course I'm using ALL the money I have (around £ 35000)... After this course, I'll have to do a TR in something in order to get a job (Ryanair, Easyjet, whatever!)
Do you think there will be any chance to get a loan for the TR if the company accepts you after the interview?
I mean: I do the interview, they say
- "yes, now you have to do the TR. When you'll finish it, come back and you'll get the job"
Do you think that a bank can loan me something like 15-20k to do the TR with such an answer from the airline? Does this kind of answer assures you a loan? Are there companies that give you the contract BEFORE doing the TR?
I know these are more than one question... If you can, please give me some advice, because I'm terrified with the idea of finishing the course and then being unable to start working because of the TR!!!!
Thanks again for any help you can give me.
Allioth