PDQBoy

Wow, pricing for aviation has surely changed. When I graduated college in 1980 I already had my PV,INS,CFI, then ATp 1 year later with NO debt what so ever just instructing in the summers to pay for advanced ratings. I had help from parents to the tune of $4,000. I went on to fly for Airnet then Republic airlines then finally in business for my self and now own a Beech Bonanza.

This is incredibly stupid. The interest alone on that debt will be $1,590.98/month. Assuming 5% interest and 10 year term.
You will have to make $10.00/ hour 40 hours per week just to pay the interest. You would have to make 20-25 / hour just to live.

Change professions immediately!

MoonFallsDown

Thanks for explaining this out right to people who paid for the job + type rating + block hours. and seriously I am sick and tired of them bragging about having a 737 job.

APC225

.............

Av8er1550

And I thought that having 60k in student loans was a lot, but at least I am almost a CFI and very close to my 4 year degree. I could've come out with way less but I switched majors a lot before choosing aviation. I've proabably spent 30k or so from zero hours up to my CFI.

LordHumongous

Rjmflyboi, have you considered setting yourself up on an income based repayment plan and looked into teaching?
This link may offer some insight.
https://studentaid.ed.gov/repay-loan...llation/charts

Arciasr

Wow thats interesting, smear campaign. I didnt know for sure that it was a smear campaign. Just curious, do you have any other bits of info to add to the Jones article? Thanks.

Herb Flemmming

Dont forget to bash the guys that are paying for job fair tickets now days.

jayrogers1306

Good Stuffff..

Many thanks for sharing.

NoFlaps

You do what most pilots do...you take whatever job gives you the best quality and quantity of flight time, no matter what it pays. You "get by" building time as fast as you can and pay the minimum on your loans to keep the wolf away from the door. You beg, borrow, steal every hour you can on your "free time" and you work a 2nd or 3rd job inside or outside of aviation in order to keep afloat. You do this as long as you can until you have the required hours to "get paid". Resist the urge to borrow more $$ until you can earn a living wage and pay off what debt you already have. Good luck.

loganeich

Five years ago I started flying for fun, and purchased a 182 to travel with my family. Over the years, my passion for aviation has grown and I now have my multi engine commercial and instrument. This year, I decided that my goal was to really make a run at being an airline pilot. My daughter needs to be about 3 years older before I can start, so with the 570 hours I have, that works out to about 300 hours a year to hit 1500. I fly about 125 a year in my plane and picked up a job for a few hours a week flying survey. I'm taking no pay for the survey job due to my tax rate, and instead we exchange CFI instruction, oil changes, airplane parts, etc. for hourly wages. Hopefully by the end of the year I get my CFI, so I can build hours flying my own plane, flying survey, and do some CFI work for my 300 hour a year total.

My wife and I make a good living so hesitant to quit my full time job, but once I do, really need make a quick transition to making real money again. I'm fine with commuting for work and travel all over the world now anyway, but cannot move due to owning a business locally. However, finding multi time locally is very tough except for renting at $250 an hour. Sent a few flying resumes out but have heard nothing back except from one group that said I needed more hours, like a lot more.

I have rode right seat in a king air 250, and there is a step change in skill from flying my 182. Towards the end of my journey to 1500, one of these programs to build 100 hours of multi turbine time for around ~$18K looks very appealing to me. The amount of knowledge and experienced gained would be very helpful to me as a pilot. The hourly rate is actually less than what I have to pay for my 182. I have busted my ass working on power plants for 20 years in some crappy places, and a program such as Eagle Jet is a fast way to see if I'm really cut out for being a professional pilot without moving. I pay to fly my own plane now, so not much difference to pay less per hour for multi turboprop time. If I get a good offer locally to build quality multi time that would be great, but at this point, that is not looking to occur.

So I would not be going into debt, using parents money, etc.. I would be using my previous hard work to gain a skill and achieve my goal. Overall I pay to fly myself around anyway, so really not much difference.