Loan Forgiveness
03-05-2014 | 06:00 AM
#11
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,127
Likes: 796
From: Engines Turn or People Swim
The government should not subsidize pilot training just because regionals pay poverty wages. Raise the wages to what doctors (or even nurses) make and then see if you still have a shortage.
03-05-2014 | 06:02 AM
#12
Line Holder
Joined: Feb 2010
Posts: 92
Likes: 0
From: CFI/CFII/MEI
You Serious? - YouTube
Pay up, learning to fly is a privilege, not a right. You had no problem signing the dotted line and agreeing to it, so fulfill the obligation.
Pay up, learning to fly is a privilege, not a right. You had no problem signing the dotted line and agreeing to it, so fulfill the obligation.
03-05-2014 | 06:04 AM
#13
Thread Starter
Gets Weekends Off
Joined: Dec 2013
Posts: 1,602
Likes: 0
I was only refering to the Government loans expanding into other loans would would more than triple the cost of the program. Since the government doesnt control our private loans would they wouldnt be able to offer other solutions such as a freeze or lowering in interest which would be pretty simple and help all of us pay our loans down.
03-05-2014 | 06:11 AM
#14
Gets Weekends Off
Joined: Feb 2007
Posts: 3,045
Likes: 1
From: FO
Hah!! I find it funny how we, the tax payer, can bail out the banks, insurance companies and car manufactures but you balk at possibly helping out your fellow Pilot. I would not be in favor of a "complete" bail out but, I would favor a reduction in interest to the lowest possible level. I feel for ya but for the most part, you made the decision, yes?
Go on the extended plan or ask for forebearance until you are on 2nd year pay. Pay more than the minimum payment if/when you are able too.
If you can take a college classes half time, you can also go back into deferment. So enroll in some classes at the local community college in personal finance and get some relief that way.
The rules were there when you signed on the dotted line. I don't see why people feel the rules should change now.
03-05-2014 | 06:14 AM
#15
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Gets Weekends Off
Joined: Dec 2013
Posts: 1,602
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All true but in the end you end up paying a few grand more while the interest keeps adding up. Freezing the interest or lowereing it shouldnt cost the Gov much. Install for a few years then remove it so that guys actually pay it back. You cant even call that a handout...for the most part.
03-05-2014 | 06:18 AM
#16
Bracing for Fallacies
Joined: Jul 2007
Posts: 3,543
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From: In favor of good things, not in favor of bad things
Hah!! I find it funny how we, the tax payer, can bail out the banks, insurance companies and car manufactures but you balk at possibly helping out your fellow Pilot. I would not be in favor of a "complete" bail out but, I would favor a reduction in interest to the lowest possible level. I feel for ya but for the most part, you made the decision, yes?
03-05-2014 | 06:18 AM
#17
Bracing for Fallacies
Joined: Jul 2007
Posts: 3,543
Likes: 0
From: In favor of good things, not in favor of bad things
03-05-2014 | 06:20 AM
#18
Line Holder
Joined: Feb 2010
Posts: 92
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From: CFI/CFII/MEI
All true but in the end you end up paying a few grand more while the interest keeps adding up. Freezing the interest or lowereing it shouldnt cost the Gov much. Install for a few years then remove it so that guys actually pay it back. You cant even call that a handout...for the most part.
FinAid | Loans | Student Loan Debt Clock
03-05-2014 | 06:35 AM
#20
Line Holder
Joined: Feb 2010
Posts: 92
Likes: 0
From: CFI/CFII/MEI
In the end, you read the loan contract, you knew the interest rate, you knew the payment size, you signed it anyway.
Pay up.
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