Originally Posted by
chozoghost4
Are there many lenders out there that are aware of how the outlook is for people looking to get into this for a career? Are they aware of the regional shortage? Surely by now they must notice people taking out massive loans and not having too much trouble paying them off once they get their career started.
There is no pilot shortage, despite whatever you may have heard.
Lenders are aware of a large percentage of those who begin flight training, who never finish.
Lenders are also aware that promises and rumors of shortages and hope and dreams don't replay loans: if you have the capability and the credit to get a loan, you do. If you don't, then you may need to make other arrangements.
Take out that "massive" loan and lose your medical, get a violation, experience a life change, lose interest, the economy downturns, or aviation returns to normal, and repaying that "massive" loan becomes a pipe dream; something of which lenders are all too well aware.