View Poll Results: How are you dealing with your aviation loan
Voters: 199. You may not vote on this poll
Paying Your Loan?
12-22-2009, 05:14 AM
#12
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,588
Originally Posted by Tumbleweed
I flew with a guy who unloaded his loan by filing Chapter 7. Maybe he was able to do it because it was technically not a student loan, but a private loan.
12-22-2009, 07:29 AM
#13
Gets Weekends Off
Joined APC: Mar 2007
Position: CRJ FO no more
Posts: 463
I wish you could discharge your student loans through bk. I would have done that a couple years ago. So right now i'm just deferring them and paying intrest only on my private loans that won't let me defer them anymore.
12-22-2009, 12:18 PM
#15
Gets Weekends Off
Joined APC: Mar 2007
Posts: 148
Originally Posted by Tumbleweed
I flew with a guy who unloaded his loan by filing Chapter 7. Maybe he was able to do it because it was technically not a student loan, but a private loan.
I think society would be better off if we went back to the old style of debtors prisons. Perhaps then people would not gamble with biting off more than they can chew and then dumping their losses on the rest of the economy.
12-22-2009, 04:01 PM
#17
Gets Weekends Off
Joined APC: Jan 2008
Position: blueJet
Posts: 4,511
Originally Posted by Reggie Dunlop
That's a real stand up move.
I think society would be better off if we went back to the old style of debtors prisons. Perhaps then people would not gamble with biting off more than they can chew and then dumping their losses on the rest of the People.
I think society would be better off if we went back to the old style of debtors prisons. Perhaps then people would not gamble with biting off more than they can chew and then dumping their losses on the rest of the People.
12-23-2009, 06:48 AM
#18
11 soon to be 10 days off
Joined APC: Mar 2007
Position: Left seat, wait right seat, no no left seat, nope right seat! Ummmm, I guess I am confused
Posts: 275
Paid off the credit card 'loan' every month--I was lucky enough to have a good paying job and money saved up before I realized I wanted to fly.
12-23-2009, 10:33 AM
#20
Gets Weekends Off
Thread Starter
Joined APC: Jun 2006
Position: 7ER
Posts: 183
Unfortunately, the poll was only limited to 4 options. An advantage (perhaps the only one) of the loan is it can allow you to finish your ratings quickly. I am by no means defending any method people use to pay for flight training, but it is interesting to see that statistics behind it.
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EMmariano
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03-06-2009 05:24 PM
