Originally Posted by ORDCRJ

Here is my sad story. I have been in aviaiton for almost 10 years. In that time I accumulated over 130k in student loan debt which is a payment of almost $850 a month. Now, I was "lucky" and advanced quickly. I had the chance to flight instruct or go and fly for a small regional. I chose the small regional to build time, from there i went to a larger regional, then finally my "dream" of flying a Boeing for a charter airline. Now, on the way I took up a few management positions (sim instructor, ground instructor, first officer checkairman, etc) and to date I do not have 1500 hours although I have been on almost every continent (except Austrailia) with an airplane. Now, my latest company has furloughed me and I am on the street with less than 1500 hours and not enough PIC time to get at ATP without investing an additional 10k to get the PIC time then start all over again at a regional making $18 an hour.

So, its obvious that a career change is in store for me. But, the problem is now I am loaded with all these student loans and no clue how to pay for them. I want to pay what is fair but I feel mislead but my training school that "trained me" correctly so I could make enough money to pay these loans off. There is no way that I will ever be able to pay these loans off withoug moving back in with my parents, riding a bike, and eating ramen noodles for the next 30 years.

Does anyone know of a lawyer or had any luck getting the amount of their student loan reduced? These are private loans and the answer the loan company gives me is basically "good luck" and you owe this money. I am not trying to get out of what is fair but I do not think it was fair to sell me a bill of goods that they knew wouldnt amount to anything.

Any help would be greatly appreciated