Originally Posted by
loganeich
I'm starting to think the 115K paid for my 182 over 8 years ago was a better way to build time and ratings.
One option would be to go work for 10 years as a pilot for the border patrol, national park service, forest service, etc. under the federal government to qualify for public service student loan forgiveness. If you could get the term over 30 years, the monthly amount would drop and more would be forgiven after 10 years. For the border patrol, you could retire after 25 years and age 50 for example. I'm not sure of the exact rules but was talking to a pilot in a FBO and he was happy with his choice. He was going to retire and be a contract pilot until his social security kicked in.
Public Service Loan Forgiveness | The White House
Start casting a wider net such as ameriflight, local FBOs, etc..
He/she can’t do this—they refinanced with a private company. Can’t do income-based, can’t do PSLF. I don’t get why anyone refinances fed loans to private. You never know what the future holds and having the option to income-base or even defer if in a crisis is invaluable. Yet people refinance despite these warnings that the private companies are required to give. Don’t do it!