Flight training funding questions...

[Daz]

i've been searching and scouring these forums (fora?) for some time now, and read, well, pretty much everything.

I'm following a dream and planning a career change. I have some, uh, newfound freedom, and no dependents to support, so I'm going to start the long (and rewarding!) trek into the world of commercial helicopter pilot.

Along with all of my other research (talking to various pilots, companies, schools, etc.), I'm figuring out how to pay for it all. If everything goes perfectly, I'll have the tuition mostly paid by the profits from the sale of a house, but if that doesn't happen right away, I'll be looking at other funding.

Some real quick and dirty digging shows me that federal student loans will only provide me with a very small portion of the tuition - is this usually the case?

I've also recently been on an EI claim, so there *may* be some funding available from HRDC (although I'm not counting them by any means).

How did you do it? Line of credit? Bank loan?

The bank loan might be the way to go - the house will eventually sell, and between that and the tax break from the tuition payments, the loan will be paid off.

BTW, I'm looking at Bighorn Helicopters, as I have family in Calgary where I can probably mooch a place to stay.

Any and all thougts appreciated!
Darren in Invermere

[van Hungs]

Hi I am about to complete my training @ Big Horn.
the most you will get from Canada student loans is 25 000 ,the rest I had to borrow from the bank.
You will propebly need more than the 52000.

It is a lot of money,be sure thats what you want to do.

e-mail me if you want
van_hungs@hotmail.com

[Glory.]

wow 25000?

When i looked into the max anyone could claim for aviation related programs was 5200

needless to say an LOC, BCSAP, and good old hard work paid my way