Originally Posted by
Mesabah
The 11% is due to default when their first regional went TU. The issue is that that debt should have been shed in a personal bankruptcy.
This is what your debt load might look like if you participate in one of the Legacy college hiring programs, and the industry has a hiccup.
This is nothing compared to the people enrolling in Republic's program. The interest rates are variable (which menas they will only increase) and it's just flight school with no degree. They don't even know that they have no chance at the big six (or most LCC's) without college. They are just staffing a regional. I tried to explain these facts to them on that thread, but I eventually gave up because no one would listen. The only caveat is that those loans would be bankruptable. Still no job at the big six, but also the debt would be gone.