First off, my name is Noah, I’m a private pilot with 110 hours, about to graduate highschool, and I’m currently 18.
I am seriously considering starting at the Atlanta (FFC) ATP location either in June or July, but before I sign the paperwork and put down the deposit I have a few questions.
(I apologize if these questions have already been answered somewhere else)
First, what time frame could I expect to, realistically, pay back the loan? I am approved for the $56,795 for the 40 hour multi program at 8.5% interest. I would have to make $1000-1200 payments per month to pay it off in under 5 years, and my income hopefully would come from instructing for ATP. Basically, is it doable to make 1k payments every month as an instructor?
Second, I would be 19 when I finish the 6 months, is it realistic to make the 1500 hours by the time I turn 21 so that I could go to the regionals?
Third, In addition to instructing after completing the 6 months, I need to get an online bachelors degree (California Coastal University) as I am instructing, would the workload permit that? I would have a full 4 years to complete it before I would be eligible to go to majors anyway (23), and I would probably be at the regionals past 23 anyway.
Fourth, if I started at a regional at 21, how long should I expect to be there before I could flow to a major? (Looking at Endeavor, I would really like to fly for Delta one day)
I know it’s a lot of questions, sorry!
Thanks in advance,