Originally Posted by
Quarryman
This goat ride will cost you 100k in loans if you have nothing to put down in cash. How much will it cost you after all the interest is paid?
'Bout tree fiddy.
Do not ignore the devastating effects of compound interest on being a debt slave for the rest of your life. The economy is unstable and it will pop. What will you do when the demand lessens for pilots? Can you pay back those loans? Can't discharge them in bankruptcy so how much is your left testicle worth? Probably not enough.
You asked me to be blunt so I will: choose another career. This one isn't the one you want when you owe your soul to the company store.
I appreciate the scary, albeit necessary insight. I certainly don't have anything substantial to put down up front for this gig. I did read a couple of articles saying that there will be a continuing upward trend in demand for airline pilots to meet the expanding growth of international airlines. Is there any substance to this?