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Old 11-27-2010 | 08:13 AM
  #19  
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SkyHigh
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Joined: May 2005
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From: Corporate Pilot
Default Good Point

Originally Posted by elmetal
I agree with this to this extent:

You take out 50k in loans or 30k or what have you. You are now a newly minted 190-250 hour CMEL/CSEL.

You have to pay probably in the neighborhood of 800-1000 a month for your loans and you want to fly. You somehow manage to make it to 500 hours and a regional calls (not today's world but it wasn't long ago)


Your choices are: Stay at your 20k a year job (minimum wage+a little) and get 0 hours since you can't afford to fly any OR you can get a 20k job working at a regional flying with an opportunity to get turbine time in the future.

The choice is clear IF you are a loan taker.


I'm not against taking out loans but the predicament loans leave you in is what I believe to be one of the biggest feeders of bottomfeeders.

Good point.

Skyhigh
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