Gentlemen,
After receiving some suggestions I now am a licensed private pilot with 56.5hrs TT. I took my checkride and passed at 41 hours. Was an amazing experience, as I started March 31st and passed my CR on June 17th and enjoyed every minute of it. Now I am ready to move on and continue my training.
Months ago, I asked and received a lot of info about looking into ATP. I will summarize my situation to paint the picture adding up to my main questions.
First off, I am still active duty military that will be getting out soon. I am 32 and have a family. I chose to get my PPL out of the way to save time and money, as I picked up my PPL for $7100 through a local part 61 school. I’m working my way up to the 80 hours required to start ATP Airline Career Pilot.
Now I have an option, either I continue with my plan to attend ATP assuming I do in fact have my financial aid approved. I don’t really have a for sure co-signer, though I have very good credit and a pretty long credit history. When I talked to an ATP rep they seemed positive I should be able to be approved, but obviously that isn’t forsure with out applying.
Or, I use my GI Bill and attend a Part 141 and have my training paid for, though it could take from 3-4 years before I’d be eligible to fly for a regional with a R-ATP
Pros and Cons the way I see it
ATP Pros-
Much faster program to get me closer to making money as a commercial pilot.
More my speed in terms of training style.
Start making money as a CFI 100 days after starting instrument.
Proven System for training pilots to prepare for Airline piloting.
School near my home (Denver)
Guaranteed CFI Job following Graduation
ATP Cons-
Would have to get a loan $50-70k
Would have to move from Kansas to Colorado
Has the “Pilot Factory” title to some people
Wouldn’t get a degree needed to make it to the majors (Though while I am at a regional I could be working on that with my GI BIll)
May not learn as much, as it could be considered a checkride trainer, not an all out pilot knowledge school.
Part 141 Pros-
Would have no flight training debt (GI Bill)
Would have a BS to qualify for the major requirements
Slower process, might learn more in dept in the professional pilot career
Wouldn’t have to move as there is a good 141 school near by.
Part 141 Cons-
Would take me a lot longer to get my ratings and be hired by an airline
Wouldn’t start making money for roughly 1.5-2 years until I obtained my CFI
Would have to work part time/full time to support my family while I’m going to school
Would possibly work a job that I have no interest, just to get me by
There is a lot more to this decision that just pointing at one and making a choice. I’m looking for suggestions and just a way for me to ponder my options. They both have pros and cons, and I understand this is a ATP biased forum. However, the fact that I can get my ratings free is intriguing, but the time it will take gives me a bad taste. Because, as soon as I leave the Army, I want to be a pilot. I want my office to be a cockpit!
Thanks guys in advance!