Hey everyone! I’m currently an active-duty soldier with a dream to fly and ATP is looking like a very serious option. I’ve looked through many questions and testimonies on this forum. My biggest fear through the program would be not making enough money from the loan’s stipend for things such as my vehicle and other financial duties without out heavily hurting my savings accounts. I understand in a perfect world I wouldn’t need to touch my savings account and I’m absolutely ready to sacrifice, I’m just trying to explore my options as thoroughly as possible with others who are well educated on the matter.
I guess my actual question that stems from that is about the GI bill. From what I’ve read I cannot receive a housing allowance from the Post 9/11 while going through ATP since it is part 61, but I was wondering if it’s possible to use the Montgomery as it gets paid directly to you and could potentially be a saving grace of sorts. Any knowledge on the matter is greatly appreciated !
Really depends on the 141 program? Problem is there is no way a 141 program will have comparable hours as their curriculum is based on hours which is why ATP is Part 61. That allows the accelerated timeline.
Typically part 141 schools take 4 years paired with a degree to get through private, instrument, commercial and CFI or Multi engine. So after four years you have maybe 200 hours and still lack one of the ratings needed, CFI to build time or the ME for the ATP rating.
Then add another 1-2 years of building time, you’re qualified for the airlines 5-6 years after initially starting compared to the 2 years it will take you from zero time to ATP mins. You may have saved quite a bit of money on training cost but you sacrificed 4 years of seniority and 4 years of lost wages as an airline pilot.
I agree with everything said above. Granted I have yet to start ATP (loan pending). 7 months versus 4+ years is a no brainier.
I have done a good amount of research and using your GI Bill isn’t that great for flight training. I used half of mine for A&P school. Even if you qualify for 100% of your GI Bill, VA will not pay the full 100%. I believe they cap it at a little less than 16K per fiscal year and you don’t get BAH. Apparently, too many flight schools were milking the system. They also don’t cover your PPL.