Loan Forgiveness
03-06-2014 | 03:50 PM
#71
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Joined: Sep 2008
Posts: 320
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From: Auto
I bet guys like you either have or would be willing to felatiate recruiters for bankrupt airlines. I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American. They all went bankrupt, so I bet you want nothing to do with them right?
Places like Key Bank and Sallie Mae are irresponsible at best and predatory at worst. They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway. They wouldn't give those loans out if they hadn't paid off politicians to make bankrupting their loans next to impossible.
If a guy who had a GED and bagged groceries at the Piggly Wiggly walked into a bank and asked for a $100,000 loan to finance a project to build a spaceship, that bank would negligent if they gave the poor sap the money knowing he could never pay it back. Student loans have turned people into slaves. We all make financial mistakes. Individuals are being denied the ability to ease their burdens while our corporate masters have integrated bankruptcy into their business plans.
03-06-2014 | 04:55 PM
#73
Gets Weekends Off
Joined: May 2006
Posts: 797
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From: Jet Pilot
Neither can your employer. You should quit. You don't want to work for people who don't understand basic economics.
I bet guys like you either have or would be willing to felatiate recruiters for bankrupt airlines. I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American. They all went bankrupt, so I bet you want nothing to do with them right?
Places like Key Bank and Sallie Mae are irresponsible at best and predatory at worst. They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway. They wouldn't give those loans out if they hadn't paid off politicians to make bankrupting their loans next to impossible.
If a guy who had a GED and bagged groceries at the Piggly Wiggly walked into a bank and asked for a $100,000 loan to finance a project to build a spaceship, that bank would negligent if they gave the poor sap the money knowing he could never pay it back. Student loans have turned people into slaves. We all make financial mistakes. Individuals are being denied the ability to ease their burdens while our corporate masters have integrated bankruptcy into their business plans.
I bet guys like you either have or would be willing to felatiate recruiters for bankrupt airlines. I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American. They all went bankrupt, so I bet you want nothing to do with them right?
Places like Key Bank and Sallie Mae are irresponsible at best and predatory at worst. They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway. They wouldn't give those loans out if they hadn't paid off politicians to make bankrupting their loans next to impossible.
If a guy who had a GED and bagged groceries at the Piggly Wiggly walked into a bank and asked for a $100,000 loan to finance a project to build a spaceship, that bank would negligent if they gave the poor sap the money knowing he could never pay it back. Student loans have turned people into slaves. We all make financial mistakes. Individuals are being denied the ability to ease their burdens while our corporate masters have integrated bankruptcy into their business plans.
Neither can your employer. You should quit. You don't want to work for people who don't understand basic economics.
I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American
They all went bankrupt, so I bet you want nothing to do with them right?
They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway.
Student loans have turned people into slaves.
03-06-2014 | 05:05 PM
#74
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Joined: May 2006
Posts: 797
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From: Jet Pilot
I will not support any system that removes personal accountability. Be smarter, and get your crap paid off. I'm 27, a third year regional FO, and I am out of debt. I have a degree from a large aviation-oriented university. Community college transfer credits are awesome.
The problem isn't the loans. There are plenty of ways to get relief if you really need it. The problem is the people racking up debt with no solid plan of repayment.
The problem isn't the loans. There are plenty of ways to get relief if you really need it. The problem is the people racking up debt with no solid plan of repayment.
Pete,
Congrats on getting out of debt and thank you for being a voice of reason on this thread.
03-06-2014 | 05:22 PM
#75
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Joined: Sep 2008
Posts: 320
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From: Auto
Actually they do understand economics quite well.
Which is why they keep filing bankruptcy then right? Take Pinnacle for example. Sign a TA and file BK a year later. That wasn't planned right?
True, I did send resumes to three of the four airlines you mentioned, but that was a long time ago before any of them entered bankruptcy protection.
United and US Air filed in 2002. You applied before then?
We have something we both can agree on - they all went bankrupt and I want nothing to do with them. In fact, I am quite content flying boxes in the middle of the night for $200K (2013 W-2) as a first officer.
Should your box hauler airline file Chapter 11, then you will resign out of principle right?
While you brag about your luck in landing a great job, most that enter this industry won't likely follow in your footsteps. But screw everyone else, you got yours.
First of all, nobody "hands out" loans. If they did they would be entitlements and not loans. Second, loans are given based on a signed contract in which the applicant voluntarily applies for it and agrees by signing his or her signature to the paperwork. Third, do not forget that the applicant also knows the financial prospect for a would be airline pilot.
A 18 year old highschool grad signs a document written by highly paid lawyers employed by a company with crooked politicians in their pocket. Sounds like a fair match to me. You also think banks have no responsibility to do their due diligence prior to approving a loan so large? Oh that's right, the banks paid politicians to pass a bill so you can't discharge the loan in a chapter 7. The Mafia would be jealous.
Uh, no. People accepting these loans have done that voluntarily on their own.
Which is why they keep filing bankruptcy then right? Take Pinnacle for example. Sign a TA and file BK a year later. That wasn't planned right?
True, I did send resumes to three of the four airlines you mentioned, but that was a long time ago before any of them entered bankruptcy protection.
United and US Air filed in 2002. You applied before then?
We have something we both can agree on - they all went bankrupt and I want nothing to do with them. In fact, I am quite content flying boxes in the middle of the night for $200K (2013 W-2) as a first officer.
Should your box hauler airline file Chapter 11, then you will resign out of principle right?
While you brag about your luck in landing a great job, most that enter this industry won't likely follow in your footsteps. But screw everyone else, you got yours.
First of all, nobody "hands out" loans. If they did they would be entitlements and not loans. Second, loans are given based on a signed contract in which the applicant voluntarily applies for it and agrees by signing his or her signature to the paperwork. Third, do not forget that the applicant also knows the financial prospect for a would be airline pilot.
A 18 year old highschool grad signs a document written by highly paid lawyers employed by a company with crooked politicians in their pocket. Sounds like a fair match to me. You also think banks have no responsibility to do their due diligence prior to approving a loan so large? Oh that's right, the banks paid politicians to pass a bill so you can't discharge the loan in a chapter 7. The Mafia would be jealous.
Uh, no. People accepting these loans have done that voluntarily on their own.
03-06-2014 | 05:33 PM
#76
Banned
Joined: Jan 2008
Posts: 2,625
Likes: 0
From: Pilot
Yet you probably work for an airline that has filed or will file for bankruptcy and still you don't resign in protest. An airline like American files for bankruptcy and it's executives that got it there make millions. Thousands of pilots flood American with applications to work for the bankrupt airline and nobody blinks. Some broke sap rj pilot contemplates doing the same thing your bankrupt fantasy airline does, and all you internet super heroes crawl out of the woodwork to scold him. IF you feel that strongly about paying all of your debts no matter what, I say resign from your airline. You lack the courage of your convictions.
Last edited by Red Forman; 03-06-2014 at 06:05 PM.
03-06-2014 | 05:40 PM
#77
Banned
Joined: Jan 2008
Posts: 2,625
Likes: 0
From: Pilot
Neither can your employer. You should quit. You don't want to work for people who don't understand basic economics.
I bet guys like you either have or would be willing to felatiate recruiters for bankrupt airlines. I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American. They all went bankrupt, so I bet you want nothing to do with them right?
Places like Key Bank and Sallie Mae are irresponsible at best and predatory at worst. They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway. They wouldn't give those loans out if they hadn't paid off politicians to make bankrupting their loans next to impossible.
If a guy who had a GED and bagged groceries at the Piggly Wiggly walked into a bank and asked for a $100,000 loan to finance a project to build a spaceship, that bank would negligent if they gave the poor sap the money knowing he could never pay it back. Student loans have turned people into slaves. We all make financial mistakes. Individuals are being denied the ability to ease their burdens while our corporate masters have integrated bankruptcy into their business plans.
I bet guys like you either have or would be willing to felatiate recruiters for bankrupt airlines. I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American. They all went bankrupt, so I bet you want nothing to do with them right?
Places like Key Bank and Sallie Mae are irresponsible at best and predatory at worst. They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway. They wouldn't give those loans out if they hadn't paid off politicians to make bankrupting their loans next to impossible.
If a guy who had a GED and bagged groceries at the Piggly Wiggly walked into a bank and asked for a $100,000 loan to finance a project to build a spaceship, that bank would negligent if they gave the poor sap the money knowing he could never pay it back. Student loans have turned people into slaves. We all make financial mistakes. Individuals are being denied the ability to ease their burdens while our corporate masters have integrated bankruptcy into their business plans.
03-06-2014 | 05:45 PM
#78
Gets Weekends Off
Joined: May 2009
Posts: 2,035
Likes: 0
Just don't pay it. It has worked well for me.
My loans quickly got out of control because I was an idiot at the age of 19 when I signed them. My first year at the regional I owed over $200,000.
It started as a $65,000 loan. While instructing for 3 years I couldn't make any payments so they gave me penalties and my interest rates went way up. By the time I finally got to a regional it was out of control and I would owe more a month than what I was making.
I would of picked a different profession if I knew this one payed so little. My credit suffered for years but it has gotten better. Somehow the loans just disappeared and don't even show up on my credit report anymore. I'm sure the tax payer somehow payed for my training because I never did.
My loans quickly got out of control because I was an idiot at the age of 19 when I signed them. My first year at the regional I owed over $200,000.
It started as a $65,000 loan. While instructing for 3 years I couldn't make any payments so they gave me penalties and my interest rates went way up. By the time I finally got to a regional it was out of control and I would owe more a month than what I was making.
I would of picked a different profession if I knew this one payed so little. My credit suffered for years but it has gotten better. Somehow the loans just disappeared and don't even show up on my credit report anymore. I'm sure the tax payer somehow payed for my training because I never did.
Over $200,000.00 in student loans, and oblivious to proper spelling of the word "paid"(not payed) that my 6 year old knows? Sad....
03-06-2014 | 05:50 PM
#79
Gets Weekends Off
Joined: Sep 2008
Posts: 320
Likes: 0
From: Auto
Wrong again oh smart one. I have never, nor will I ever apply for any of the airlines you have mentioned. And the company that currently employs me has never filed for bankruptcy. What other crap do you want to try and fling my way, or what other words do you want to try and put in my mouth oh master of awesomeness?
Last edited by GlobeTreker; 03-06-2014 at 06:34 PM.
03-06-2014 | 05:59 PM
#80
Banned
Joined: Jan 2008
Posts: 2,625
Likes: 0
From: Pilot
Why are you trolling in the regional section oh mighty slowtation driver? Ignore the main body of the text and just focus on you, you and only you. I hope you get cancer and die slowly. Drop me a line as to where you intend to be buried. I'll stop by to **** on your grave. Idiots like you are part of the problem in this industry.
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