Question about flight schools.
04-05-2009, 05:53 AM
#1
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Question about flight schools.
I notice that it is common to pay up front on tuition fees yes?
Why not PAY as you go or pay half and then the rest after you finish ?
Do any school's do this ?If not why not ?
Fred
Why not PAY as you go or pay half and then the rest after you finish ?
Do any school's do this ?If not why not ?
Fred
04-05-2009, 12:02 PM
#2
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Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,057
Don't Fall for This!
DO NOT EVER PAY FLIGHT TRAINING TUITION UP FRONT!
Flight schools which are not in great financial shape (99% of them) will use your money to pay for the training of students who enrolled before you did.
When times get tough (right now) schools spend the money deposited by new studdents to fund the training of students who are further along. When new enrollments dry up, the ponzi scheme falls apart, the school goes BK, and the new students lose all their money (but they still have to pay off the loan).
Never keep more than one thousand dollars or so on account at any flight school. If the school requires large sums on deposit, walk away.
Flight schools which are not in great financial shape (99% of them) will use your money to pay for the training of students who enrolled before you did.
When times get tough (right now) schools spend the money deposited by new studdents to fund the training of students who are further along. When new enrollments dry up, the ponzi scheme falls apart, the school goes BK, and the new students lose all their money (but they still have to pay off the loan).
Never keep more than one thousand dollars or so on account at any flight school. If the school requires large sums on deposit, walk away.
04-05-2009, 12:24 PM
#3
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Joined APC: Feb 2008
Position: whale wrangler
Posts: 3,527
DO NOT EVER PAY FLIGHT TRAINING TUITION UP FRONT!
Flight schools which are not in great financial shape (99% of them) will use your money to pay for the training of students who enrolled before you did.
When times get tough (right now) schools spend the money deposited by new studdents to fund the training of students who are further along. When new enrollments dry up, the ponzi scheme falls apart, the school goes BK, and the new students lose all their money (but they still have to pay off the loan).
Never keep more than one thousand dollars or so on account at any flight school. If the school requires large sums on deposit, walk away.
Flight schools which are not in great financial shape (99% of them) will use your money to pay for the training of students who enrolled before you did.
When times get tough (right now) schools spend the money deposited by new studdents to fund the training of students who are further along. When new enrollments dry up, the ponzi scheme falls apart, the school goes BK, and the new students lose all their money (but they still have to pay off the loan).
Never keep more than one thousand dollars or so on account at any flight school. If the school requires large sums on deposit, walk away.
Fred
04-05-2009, 12:37 PM
#5
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Fred
04-06-2009, 09:57 AM
#6
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04-06-2009, 06:53 PM
#7
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Posts: 23
NEVER EVER PAY FOR FLIGHT TRAINING UP FRONT!
These students found that out the hard way:
JET UNIVERSITY SUCKS BEWARE OF JET UNIVERSITY JETUNIVERSITYSUCKS.COM - HOME
These students found that out the hard way:
JET UNIVERSITY SUCKS BEWARE OF JET UNIVERSITY JETUNIVERSITYSUCKS.COM - HOME
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