Originally Posted by
PRS Guitars
It definitely is possible to pay for training without debt.
I don't know anyone who isn't independently wealthy to be able to reasonably save about $60-$80k for flight training on the side.
Originally Posted by
PRS Guitars
It will take longer, and will be harder, but it's possible and will pay off in the long run vs using a loan.
And therein lies the rub. Even if working people could do it, it would take so long that you would be losing money over the course of your career because it will take that much longer to start earning, plus getting lower seniority.
Originally Posted by
PRS Guitars
There is no guarantee that you'll make it to a major, (not making it) would ruin the ROI of your loan and make it hard to pay back.
Also not true. A regional captain salary allows one to pay off a training loan early.
I'm probably the most anti-debt person on the forum, but again, unless one is independently wealthy or in the military, it just isn't possible to save enough money in a reasonable amount of time to get one's ratings. The cost of training is too high.
And they wonder why they can't people to sign up for this career?