Quote:
I am single with good credit but decided to make a career change to be a pilot. The only place I could get a loan for training was Sallie Mae, and that is at 12%.
Needless to say, because I am single and flexible I can make this work. Most people my age are not and can not.
If I was 24 it would make a lot more sense.
Going to college for flight training is a bad move because it means one is putting all of the eggs in one basket. So the smart person gets a degree in something outside of aviation (or maybe aviation business), and then pursues their flight training after college. But because there is only 1, maybe 2 lenders available, we get taken to the bank, literally.
I will be unable to make my full monthly loan payments for the first few years, even moving back in with my parents, I am well aware of that. I will be "closing my eyes and thinking of England".
Not exactly an attractive proposition, eh? I mean, is it any wonder why people are not flocking to the industry.
Originally Posted by MartinBishop
Yes... I am 34 and finishing up my instrument rating.I am single with good credit but decided to make a career change to be a pilot. The only place I could get a loan for training was Sallie Mae, and that is at 12%.
Needless to say, because I am single and flexible I can make this work. Most people my age are not and can not.
If I was 24 it would make a lot more sense.
Going to college for flight training is a bad move because it means one is putting all of the eggs in one basket. So the smart person gets a degree in something outside of aviation (or maybe aviation business), and then pursues their flight training after college. But because there is only 1, maybe 2 lenders available, we get taken to the bank, literally.
I will be unable to make my full monthly loan payments for the first few years, even moving back in with my parents, I am well aware of that. I will be "closing my eyes and thinking of England".
Not exactly an attractive proposition, eh? I mean, is it any wonder why people are not flocking to the industry.
Quote:
Air Line Pilots Assn: Summary | OpenSecrets
Why do you hate ALPA so much, if you're not even in the business yet??? What did ALPA do to you? Originally Posted by MartinBishop
Wrong! Factually incorrect:Air Line Pilots Assn: Summary | OpenSecrets
Or are you a TROLL?
