[jonnyb]

Originally Posted by Seggy

Steve you bring up some VERY good points how much debt sucks. In the past two years I have accumulated this in debt...

Credit Card...8245.98
Sallie Mae...19,061.85
Government Loan... 3500.00

So about $32,000 in loans and I am 23. With that said, if I could do it differently there is NO way I would have done it. The amount above paid for, an Instrument, Commercial, Single and Multi, CFI, CFII, MEI, ratings, and the expenses occured during an airline training period. I am 23 and have about 1200 hours including 400 hours of airline 121 SIC time and will make about 20,000 this year BEFORE taxes. Upgrading next year I will gain valuable 121 PIC time and hopefully, fingers crossed get on with a major by the time I am 28. Guys I know that have waited and paid as they went, are in their 30s starting their first airline jobs. Could they make it to a major? Yes, but by their age hopefully I will be a Captain at a major. By the time I am their age my loans will be paid off! If not earlier as I plan on increasing payments once I am making a tad more as Captain.

Granted if I could have not gone 32K in debt I would have, but for me I think it will work out in the long run. I might be able to be debt free by 30 making close to 100,000K a year.

Good luck with all that.