Originally Posted by
Grumble
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We don't need any "material" or citations. You already have them. You know that contract you signed when you took out your student loans? That's all the legal argument anyone here needs. And as has been mentioned, numerous times, you are free to file BK (just like any company you're citing) and discharge your debt, just like them. Just like a company, there are somethings you may still be saddled with depending on what the court decides. Most likely it'll be your student loans.
Sure, but they didn't know how much a CFI earns, how steady the work is, how random it can be, how long they'd have to wait until getting hired by an airline, how many years they'd have to spend earning low wages, and so on. Except for websites like this, there just isn't that much out there, and you expect busy pilots to tell kids about this? These kids are 17-18 with no real concept about how the industry works, because of the industry, the schools, and others that want that steady stream of cheap pilots/business. Maybe I'm just a stupid idiot, but I didn't really understand the industry, and this is when you get that loan and get the "committed" mindset.
Once again,
you can't be discharged from federally backed loans. That is what this thread is about.