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.