Again, this information is for people that need it. If you don't need it great, good job, good for you, move on. You don't know my situation and who I'm responsible for. Christ you act like I have 50K laying around but I'm just deciding not to pay.

 

No, you had to of had help from mom and dad you judgmental tool!

 

Good for you. What would you do to those that can't and aren't as smart and strong as you? Send them to prison? Labor camps? Death?

 

1/1000th of a penny X
every program like this X
300+ million americans =
a lot of money.

 

Yes, that's what I said I wanted.

 

Well what is it that you want? How can you make money where there is none? When you find out, I'd like to know for sure, so I can cash in!

 

Mod note:

Well in true APC fashion - we took a post about programs and turned it into a subject full of name-calling, insults, flamebaiting, and eventually personal threats (which will NOT be tolerated on APC btw and WILL result in the offender being banned)

 

Yes, these people are obviously asking for a free ride. They've never worked a day in their life and they're sitting around on an island and sipping margaritas. It's ok to bail out business, because that's jobs, but when it comes to individual families and people, screw em!

Sorry, I see that accountability needs to be maintained at multiple levels, not just the individual level. You would be ok with your family being lied to and then extorted out of money? It's all legit as long as they signed some piece of paper somewhere? Sorry, the world is a little more complicated than that and there ARE people out there trying to take advantage of others and simply further their own standings by trampling on the rights of others. It's funny how no one wants to really get at the problems and causes, they just want to try and solve the problem from the back end, and when they put their finger in the hole, another leak springs in another place. Good luck with that.

 

I'd like to bring back debtors' prisons.

 

Moral Hazard. It's alive and well, my friends.

For those who are reading these posts and thinking of perusing a career in the flight deck:

To make it to a major airline, you will need a bachelor degree of some sort. That can be accomplished on the cheap (community college transfer to four-year, smart class/major planning, etc.) or you can blow you cash at a private school on the five-year plan partying three days a week in the frat or sorority.

Add to that your pilot certificates. Again, there are expensive options and paths that offer the least financial resistance. You'll need at least your commercial multi and your CFI.

Assuming you graduate in four years with your commercial multi and CFI, you'll probably instruct, among other things, for a few years before you get your first airline or 135 gig. While building time and the resume, you won't make a ton of money. Same for the first year at the airlines or a decent 135 shop...you won't be rolling in the dough. Plan accordingly, and that brings me to the statement I made at the beginning of the post.

Your student loans don't know your ability to repay them. They won't guarantee on the investment you have put fourth. The lenders don't examine your career plans when you take the loans out. Industry hiccups (age 65) and the economy (derivative securities, anyone?) can flatten out the demand for pilots overnight, and that will prolong career advancement.

This career isn't worth going into six-figure debt over. That debt isn't sustainable while making $20 to $30K a year as a CFI or first-year FO. Even once you move up the pay scales, paying off that amount of debt is going to take a hit against other financial moves you'll want to make. Some of us have made our bed in the middle of an ocean of debt; some of us were lucky, or maybe smart, and worked out a plan to keep stuff on the cheap and made it work.

Be wise. Really think about how you're going to make this all work financially, and don't plan on some government loan repayment loophole working to make it all manageable down the road.