In just the last two months, I’ve talked to 3 people that already bugged out. Granted these were vets that used the GI Bill for training, but they’ve already decided that another career will be better than being stuck at the bottom of what a lot of people are calling the king of all the downturns. That decision is a little easier when you’re not staring at a 100k loan. They will now be entering careers as a cop, electrician and EMT/firefighter. All three careers that aren’t going anywhere anytime soon, maybe not as much pay down the road but the stability is what they deem a priority. I agree with them, if I was at the CFI level or lower right now, I’d maybe sit on things until October. If those mass furloughs actually happen, then I’d be out and wouldn’t look back.

I will feel extremely bad for those that started in the last few years, got those 100k loans thinking it will be worth it. For them, I hope the downturn isn’t as bad as it is projected. I couldn’t imagine paying for my type rating to get a job making 18k while Sallie Mae is asking where that 800 a month is