Helicopter Flight Information
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Helicopter Flight Information |
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Flight School Financing, is Sallie Mae right for you?This is what part 141 schools are all about, easy financing...There is no doubt that paying for flight training is a huge undertaking, but paying for it with Sallie Mae? Well, that comes down to just how much you want to pay, and who you want to control your money. Sallie Mae financing is great for the flight school and great for Sallie Mae. For you, the student, you are about to get bent over and shafted like you have never dreamed of. For more information on this subject go here. You are going to turn over a large sum of money which you will not control in any way shape or form, and for which you are now responsible. You are going to be on the hook for a large monthly payment, at high interest, and for a long, long time. Do you know what happens if the school files bankruptcy? YOU LOSE!!!! It has happened time and time again. That my friend is what part 141 and Sallie Mae does for you! Here is the way it works... Sallie Mae makes three monthly payments to the flight school. Lets say that you got suckered into the $65,000 14-month pay-in-advance plan. In three months, the school has all of your money, but you don't finish for more than a year. Now do you really think that you will get any money back if you don't finish? That is simple, NO! Now it is obvious that you fell for the sales line of the school, and the justification of the long duration of flight training (see: how long should training really take). But the reality of Sallie Mae financing is that the flight school has just secured their future, not yours!
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