First time doing anything like this and I was thinking like $500 for the day + expenses would be fair? The guy is gonna be an independent student of mine once we’ve transported the aircraft too.
I am working towards being an airline pilot and just graduated undergrad in December. I have a job lined up to flight instruct starting in August and I’ll need about a year to get my hours and I probably won’t actually start at an airline until the end of 2027. So I need about 1.5-2 years before I can start making payments ideally. I have 5 federal student loans (4.99% - 6.53%) totaling $18,377 which I’m looking at entering forbearance on and then I have 4 private loans ($12k @ 3.94%, $36k @ 6.14%, $30k @ 6.03%, $30k @ 4.1%) all for 10 year terms (except the last one at 4.1% it’s 7 years).
Im looking at refinancing all the $30k+ private ones with SoFi at 5.01% for 15 years and then looking into forbearance for them. After I’m set in my career I feel really confident I’ll be okay on the payments. Planning on living at home and commuting to work. I’m employed full time right now making $37k annually but after I start flight instructing that’ll go down quite a bit. Need some advice please!