Loan Forgiveness
 

Many teachers and nurses can file for loan forgivness as public service workers. I feel pilots should be able to do the same with their college loans at least for the duration they work at a regional. Many Regional pilots make a little more than half of what starting nurses make and half of what teachers make in major cities.

Tough sh......t. Nope. Pay up.

I forgot this forum is for children

Who's going to fund that? With nurses the loan repayment is targeted to those who are seek employment in rural, underserved, or Indian reservations.

Loan forgiveness was suggested in last week's GAO report on the pilot shortage.

Good luck with that.

Thats true I would be fine with a freeze on my loan and the interest untill I hit 35k. That wouldnt cost the tax payer much.

If your employer makes it part of the compensation package, great! But, I don't see why people who made the decisions they made should be forgiven of the debt they have, especially with the proliferation of the internet....i.e., you had the knowledge and information available. And yes, where does that money come from? Is it fair to saddle the taxpayer with that? Should we encourage prospective pilots to take on massive debt because there are little to no consequences? I think this is a bad idea.

Good point on perspective pilots. I just wanted to get a decent debate going other than the 5 RAH threads we have going.

I am a 9yr regional FO, and I have almost paid off all of mine. (45k down to about 6k now). Deal with it. Also, the forgiveness only applies to government loans, if you took out a Citi, Key, Sallie MAe, etc (which over half of mine were) you are SOL even if you are a teacher or nurse.

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?