Originally Posted by
Flywife
It's hard to hold out for better pay when your student loan (your PRIVATE student loan that does NOT have to play by the same rules government based loans do) is on its last forbearance and refuses to work with you regarding payments. Not looking for sympathy, just saying there are situations where one might not be able to hold out even if they wanted to. It's a really bad situation altogether and I agree, the article is spot on.
Check out this article and calculator (at the bottom). If you look at the required loan payments for some of the Big Box University programs, there is no way to eat and pay the loan on regional F/O salary. Again, preaching to the choir, but with pilots willing to start at wages that qualify them for food stamps - we are the problem.
Airline Pilot Central - Handling College Loan Repayment