Originally Posted by
8ballfreight
Disclaimer: I didn't think the apt written was broken. Stupid, but not broken.
Airlines will pay for this anyway but lets say that they do get congress to overturn things, kids still can't get flight loans.
Banks have the money and don't plan on loosening the purse until there is a chance they will see a return on investment. Don't be fooled that anything else, the banking melt down caused this pilot pinch. There are a million and one high school kids ready to flood allatpjackwagonsr'us and the like in a heart beat if only they could get the loans.
I keep hearing that you cannot get student loan money for flying anymore. Is this really true or just an urban legend? I have been done with flight training for quite some time though, so I have no idea