It's possible that flight instructor pay at large flight schools (that charge a good bit for the rental alone) will go down significantly over the next 6-7 months or so.... Banks will probably be a little hard stretched to give domestic students a ridiculous $70k loan considering the recent circumstances. It is even possible that several large flight schools that don't have foreign contracts might close the doors. Even foreign contracts might go down a little bit especially from Europe as the Euro may reach $1.25 this summer (who knows?).