Funding the School!
Thread Starter
Joined: Jun 2019
Posts: 1
Likes: 0
From: Surrey
Funding the School!
Hi Guys,
So I passed all my interviews and selection days for L3, and they've basically said great, you're in, but first you gotta sort out the money on your own. Me/ my family are in a position where we can't remortgage, so I need a finance scheme/ loan/ anything, where it can be paid back after the year and a half course (about £90k needed).
Has anyone solved this issue? As when I ask L3, they just say they aren't financially trained, and therefore can't help me.
So I passed all my interviews and selection days for L3, and they've basically said great, you're in, but first you gotta sort out the money on your own. Me/ my family are in a position where we can't remortgage, so I need a finance scheme/ loan/ anything, where it can be paid back after the year and a half course (about £90k needed).
Has anyone solved this issue? As when I ask L3, they just say they aren't financially trained, and therefore can't help me.
Joined: Dec 2005
Aviation Qualifications: ATPL
Posts: 4,970
Likes: 326
From: Hong Kong
It's actually pretty easy. You're not going to L3.
You can get an fATPL for £40k if you go modular.
Get a day job, then get a weekend job or deliver pizza in the evenings. Give up smoking and drinking. Move in with your parents. Don't have kids or expensive hobbies. Get a few credit cards but clear them every month. In 24 months you'll have half the money. Borrow the rest. You'll be an interesting candidate at interview.
If you're really smart, use those 24 months to pick up your PPL and ATPLs via distance learning.
You can get an fATPL for £40k if you go modular.
Get a day job, then get a weekend job or deliver pizza in the evenings. Give up smoking and drinking. Move in with your parents. Don't have kids or expensive hobbies. Get a few credit cards but clear them every month. In 24 months you'll have half the money. Borrow the rest. You'll be an interesting candidate at interview.
If you're really smart, use those 24 months to pick up your PPL and ATPLs via distance learning.
Joined: Aug 2017
Posts: 14
Likes: 0
From: London
It's actually pretty easy. You're not going to L3.
You can get an fATPL for £40k if you go modular.
Get a day job, then get a weekend job or deliver pizza in the evenings. Give up smoking and drinking. Move in with your parents. Don't have kids or expensive hobbies. Get a few credit cards but clear them every month. In 24 months you'll have half the money. Borrow the rest. You'll be an interesting candidate at interview.
If you're really smart, use those 24 months to pick up your PPL and ATPLs via distance learning.
You can get an fATPL for £40k if you go modular.
Get a day job, then get a weekend job or deliver pizza in the evenings. Give up smoking and drinking. Move in with your parents. Don't have kids or expensive hobbies. Get a few credit cards but clear them every month. In 24 months you'll have half the money. Borrow the rest. You'll be an interesting candidate at interview.
If you're really smart, use those 24 months to pick up your PPL and ATPLs via distance learning.
Joined: Jan 2013
Posts: 39
Likes: 0
From: London, United Kingdom
I kind of agree with some of the responses but then they're a bit harsh.. if you can find family that can help you with that 90k, do it. It's a great opportunity, BUT it's not the only way into a cockpit. Modular is cheaper and gradual, and you won't have nearly as much debt.
If you have a good credit rating, banks will lend you up to around 30k unsecured with a decent interest rate, but you'll need to find someone to pay the loan off for you until you're a salaried First Officer. If you can avoid getting into debt, i.e. go modular, do that. I will.
If you have a good credit rating, banks will lend you up to around 30k unsecured with a decent interest rate, but you'll need to find someone to pay the loan off for you until you're a salaried First Officer. If you can avoid getting into debt, i.e. go modular, do that. I will.
