Airlines paying off Student Loans???
 

I heard the other day, that, airlines are considering paying off a percentage of student loans in order to attract more pilots. ANYBODY ELSE HEARD THIS??

Pvt. Pilot- $8,000
Inst Rating- $8,000
Comm License- $18,000
Multi Time (100hrs) - $8,000 (split with another pilot)
CFI, CFII, - $3,000
Sally Mae Loan- for the $45,000 = $113,000 in about 15 years

New job at the regionals making $20,000 for the next 3 years= :DPRICELESS

For everything else, there's uncle sam, waiting, to TAKE HIS 20% AWAY FROM YOU EVERY WEEK!!!

considering doing what now? this is a good one for the rumor mill

Doubt it. If they did, you would soon realize HOW MUCH you as an airline pilot are really worth. This would just add to the credibility problems that airline management already has and create animosity and tension with current pilots. I can tell you, that if it happens, the proverbial "Sh!t" will hit the fan.

Don't hold your breath!

That would make sense...a regional could offer to make your monthly payments, thereby giving you an incentive to stick around for a long time.

It still amazes me how much money some people spend to to become pilots. I am doing my instrument right now, and when it is all said and done I will only have had to pay about $12,000 for my PPL, Commercial/Multi, and Instrument. It's all about having a roommate who owns an airplane and all you have to do is chip in for gas.

Who did you hear that from your flight school?

Yeah right! You may see some signon bonus's, for a few thousand dollars from some *******y regionals, but thats worth what a couple months of student loan payments.

I was told Mesaba is thinking about doing the same thing at UND.. The plan is to have freshman and sophomores sign contract saying they will work at Mesaba and Mesaba will then pay for the rest of the training after the commercial single engine certificate..If thats the case we are going to have a hand load of people that wont graduate anymore..

Mesa will repay you the cost of their PACE program in your FOURTH year, in monthly installments, if you don't upgrade to cap. in 3 years.

http://www.flightcareers.com/Pace_Br...i_Training.htm

Soon
 

Soon pilots will be able to sign a contract while still in high school and after college and employed as an airline pilot they can receive a bill every two weeks in place of a paycheck.

Welcome to indentured servitude.

SkyHigh

Really worth, as in $20k a year? That is how much a new pilot is worth.

As for indentured servitude, they are pretty much there now since the salaries at regionals are such a joke.