Airline Pilot Central Forums

Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Money Talk (https://www.airlinepilotforums.com/money-talk/)
-   -   DEBT (https://www.airlinepilotforums.com/money-talk/96239-debt.html)

MartinBishop 07-24-2016 02:12 PM


Originally Posted by Alisito (Post 2167196)
Yea there's always a negative as you can see, but do u think that idea is good? ^^ the one i mentioned earlier

How old are you?

Alisito 07-24-2016 05:44 PM


Originally Posted by MartinBishop (Post 2167324)
How old are you?

17, heading 18 in May and aiming to be all set on a right seat of a regional straight when I finish college.

MartinBishop 07-25-2016 09:07 AM


Originally Posted by Alisito (Post 2167196)
Yea there's always a negative as you can see, but do u think that idea is good? ^^ the one i mentioned earlier

Specifically which idea?

Alisito 07-25-2016 05:29 PM


Originally Posted by MartinBishop (Post 2167775)
Specifically which idea?

The 6 month atp

MartinBishop 07-25-2016 06:23 PM


Originally Posted by Alisito (Post 2168107)
The 6 month atp

If you have a cheap degree, and do that immediately after college, then yes, no problem. If you have an expensive degree with lots of debt, then that is bad because it limits your options. Getting the licenses you need will be between $50-80k depending on where and how. You don't want to pile that on top of college debt too.

JamesNoBrakes 07-25-2016 06:34 PM


Originally Posted by Sliceback (Post 2166704)
The sooner you get your licenses and ratings the sooner you can start getting paid to fly. Instead of getting 100-250 hrs a year learning you'll suddenly be logging 500-1000 hrs a year. Spend the money to ACCELERATE your career. If you spend $50,000 in one year it might gain you an additional year at the end of your career. That's worth $200,000 to $400,000 as well as more money every year when you're at a major airline since you might be hired several months, or years, sooner.

Sometimes debt makes sense.

This is the worst advice ever.

kevbo 07-25-2016 07:19 PM

All this is why being a pro pilot is mainly for rich kids. The only a way a poor kid can make it is with extreme focus and/or some good luck. You can work your way through the ratings for half the cost of a flight school. That way you can stop and walk away without regret/debt if it doesn't work out.

Sliceback 07-26-2016 06:13 AM

"This is the worst advice ever."

Don't leave us hanging. Why is it the worst advice ever?

blastoff 07-26-2016 07:41 AM


Originally Posted by kevbo (Post 2168175)
All this is why being a pro pilot is mainly for rich kids. The only a way a poor kid can make it is with extreme focus and/or some good luck. You can work your way through the ratings for half the cost of a flight school. That way you can stop and walk away without regret/debt if it doesn't work out.

They take poor kids in the Air Force Academy.

MartinBishop 07-26-2016 01:58 PM


Originally Posted by kevbo (Post 2168175)
All this is why being a pro pilot is mainly for rich kids. The only a way a poor kid can make it is with extreme focus and/or some good luck. You can work your way through the ratings for half the cost of a flight school. That way you can stop and walk away without regret/debt if it doesn't work out.

Unless you're rich or have rich family, or are in the military, it is pretty impossible for most people to get to an ATP cert without going in to debt. That is unless you want to take 10 years doing it.


All times are GMT -8. The time now is 01:11 AM.


User Alert System provided by Advanced User Tagging v3.3.0 (Lite) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
Website Copyright ©2000 - 2017 MH Sub I, LLC dba Internet Brands