Jetcareers - View Single Post

SteveC · November 15th, 2003, 23:17

My suggestion (and I know it won't be popular) is don't go in debt. Debt will eat you alive. Tell Key and the rest of them to kiss off.

Instead, work two or three jobs for a couple of years and stash every single penny you can away to pay the upcoming school bills. Eat mac & cheese or them noodle things instead of going out to the restaurant. Scrimp, save and be as tight as my old Dutch uncle. Or pay as you go with a local FBO. Any way that you can, end up in a position where you can start earning a very meager living by flying, instead of earning a meager living by flying and owing even more than you'll make for the next ten years to some rich banker.

It's tough enough to survive on what low-time pilots earn, much less try to pay off $30,000, $40,000, $50,000 or more in loans. Better to have to work extra jobs now than do it while trying to fly full time as well. Extra jobs and long hours don't add to someone's life expectancy when working most of the lower paying entry level aviation jobs, you know.

If this dream is really worth it for you, you're going to have to make some sacrifices somewhere along the way. Better (again, in my opinion) to do the painful part up front, rather than have to live with the pressure and worrys for years down the road. Sacrifice now and enjoy it later.

Just my opinion...

November 15th, 2003, 23:17	#3
SteveC Ameliorator Join Date: May 2003 Location: GRR Posts: 11,203	Re: What to do when loan is denied? My suggestion (and I know it won't be popular) is don't go in debt. Debt will eat you alive. Tell Key and the rest of them to kiss off. Instead, work two or three jobs for a couple of years and stash every single penny you can away to pay the upcoming school bills. Eat mac & cheese or them noodle things instead of going out to the restaurant. Scrimp, save and be as tight as my old Dutch uncle. Or pay as you go with a local FBO. Any way that you can, end up in a position where you can start earning a very meager living by flying, instead of earning a meager living by flying and owing even more than you'll make for the next ten years to some rich banker. It's tough enough to survive on what low-time pilots earn, much less try to pay off $30,000, $40,000, $50,000 or more in loans. Better to have to work extra jobs now than do it while trying to fly full time as well. Extra jobs and long hours don't add to someone's life expectancy when working most of the lower paying entry level aviation jobs, you know. If this dream is really worth it for you, you're going to have to make some sacrifices somewhere along the way. Better (again, in my opinion) to do the painful part up front, rather than have to live with the pressure and worrys for years down the road. Sacrifice now and enjoy it later. Just my opinion...