Originally Posted by
Fixnem2Flyinem
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
im a CFI right now, and yeah it’s stressful to think about. I’m fortunate that I don’t have loans. I worked for 4.5 years doing armed security on a contract for the government and put the majority if earnings into a flight training fund. Spent around $75k cash for all my ratings. The thought that there is a possibility that all of that stress, money spent, and time could be worthless makes me feel sick to my stomach. Again, I’m fortunate that I don’t have debt. It’s worse for my peers