I’m a complete newbie to aviation, planning on starting flight school soon, but I’m still a bit confused about the overall cost of pilot training.
My understanding is that in order to be eligible for any airline position, you need to earn several ratings and licences and log 1,500 hours.
My understanding is also that many pilots-in-training log some of those 1,500 hours by being a flight instructor. But flight instructors get paid. Instead of paying for flight hours, they can get paid while logging flight hours.
I’ve heard the full cost of pilot training from beginning to end can be in the ballpark of $100k (or $66-76k at ATP). But since part of that involves being a paid flight instructor, the bottom line is much less than $100k. After you get your CFI, you can (in theory) pay your own way through the rest of your flight training. Right? Am I correct so far?
Really what I want to know is this: how much will it cost me to get to a point where I can get paid to fly? If I were to try to get my CFI out of pocket without any additional income, how much money would I need to have saved up?