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Pilot training loan repayment (New Jersey)

Old 10-07-2020, 03:41 PM
  #1  
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Default Pilot training loan repayment (New Jersey)

I started working for a FAR 135 company earlier this year which I now dislike and regret. Quite frankly, I'd rather be unemployed and poor.

Unfortunately I signed a "pilot training loan" at the beginning of my employment. In the state of New Jersey, are these agreements legal and enforceable?

It's not a training contract, but a "loan" for my training. It seems like I'm liable for what I initially agreed to, just wondering if there is any legal caveat for this stuff. It's my fault, I didn't do my homework and I'm being taken advantage of.

Thanks for the replies.

Last edited by AntiPeter; 10-07-2020 at 04:02 PM.
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Old 10-08-2020, 01:31 AM
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Do you really want to be looking for a flying job right about now? Iíd do my best to find happiness especially since you willingly signed a contract. The best time to find a job is while you still HAVE a job.

A wise sailor once said ďany port in a storm.Ē
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Old 10-08-2020, 02:50 AM
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Originally Posted by AntiPeter View Post
I started working for a FAR 135 company earlier this year which I now dislike and regret. Quite frankly, I'd rather be unemployed and poor.

Unfortunately I signed a "pilot training loan" at the beginning of my employment. In the state of New Jersey, are these agreements legal and enforceable?

It's not a training contract, but a "loan" for my training. It seems like I'm liable for what I initially agreed to, just wondering if there is any legal caveat for this stuff. It's my fault, I didn't do my homework and I'm being taken advantage of.

Thanks for the replies.
So how much longer do you have to go on your loan, and why are you so interested in being unemployed instead of working?
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Old 10-08-2020, 08:52 AM
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PM me, I'll guide you with a simple step by step method to rid you of the promissory note, it's real easy......
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Old 10-08-2020, 07:48 PM
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Originally Posted by shlomo View Post
PM me, I'll guide you with a simple step by step method to rid you of the promissory note, it's real easy......
Is it real legal?
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Old 10-08-2020, 08:18 PM
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Originally Posted by AntiPeter View Post
I started working for a FAR 135 company earlier this year which I now dislike and regret. Quite frankly, I'd rather be unemployed and poor.

Unfortunately I signed a "pilot training loan" at the beginning of my employment. In the state of New Jersey, are these agreements legal and enforceable?

It's not a training contract, but a "loan" for my training. It seems like I'm liable for what I initially agreed to, just wondering if there is any legal caveat for this stuff. It's my fault, I didn't do my homework and I'm being taken advantage of.

Thanks for the replies.
Start with talking with an attorney licensed to practice in NJ.
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Old 10-08-2020, 10:58 PM
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I helped him, he's good to go.....


All legal in HIS STATE!!!

Last edited by shlomo; 10-08-2020 at 11:40 PM.
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Old 10-09-2020, 07:54 AM
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Rather be unemployed then building experience to move on when all this is over....smh
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Old 10-09-2020, 08:03 AM
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Originally Posted by TiredSoul View Post
Rather be unemployed then building experience to move on when all this is over....smh
Yeah. Especially since 1500 hours as a CFI in 152s is definitely not going to get you hired in the 121 world anytime soon. Not unless you are into doing threesomes with the HR director and chief pilot anyway. Maybe not even then.
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Old 10-09-2020, 09:01 AM
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Originally Posted by Excargodog View Post
\Not unless you are into doing threesomes with the HR director and chief pilot anyway\.
How do I sign up for this program?
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