Loan Forgiveness
03-05-2014, 09:22 AM
#42
Self Employed.
Joined APC: May 2005
Position: Corporate Pilot
Posts: 7,119
Hey
Maybe we should have formed an insurance company, maybe a car manufacturing facility or, or, maybe a bank. I hope all you self righteous blow hards come down just as hard on the government when it comes to "bail outs". Do you vent to them or just your fellow sky jockeys? Then again, you can continue to spew the same sewage that comes out of Sky's mouth and call yourself content.
Are you suggesting that the public good support what essentially is a personal choice and self destructive hobby? Are you saying that teachers and nurses do not provide a commonly accepted benefit to society?
This career is harsh and does not hold much sympathy to the fallen. Better pilots brace themselves for the truth.
Skyhigh
03-05-2014, 10:09 AM
#43
Sitting and scratching...
Joined APC: Sep 2012
Position: Upright
Posts: 371
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, 10:13 AM
#44
Gets Weekends Off
Joined APC: Feb 2013
Posts: 3,007
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.
03-05-2014, 10:22 AM
#45
Gets Weekends Off
Joined APC: Feb 2007
Position: FO
Posts: 3,044
THIS ^^^^^^^ No ******! Well written opinion Brian! It amazes me how so many of us forget this and dont realign the perspective when it comes down to bailout of individuals. The goal posts (for me anyway) were continuously moved back starting with 9/11 and then the financial meltdown of 08. Still blows me away how we as pilots cant see other perspectives. Disagree with me all you want.
Also, you assume that we all supported the government bailouts of various industries. Which in my case is incorrect and I would guess the majority of pilots feel the same way.
03-05-2014, 10:28 AM
#46
On Reserve
Joined APC: Feb 2008
Posts: 18
Wow! I obviously don't reply much on these forums, but this is insane. Why not forgive a pilot's mortgage loans, car loans, credit card debt? Why do student loans fall into some special category? Why force others to pay for your bad decision?
Why not learn from your decision, put your big boy britches on, and honor YOUR debt? In the long run you will be better for it, and hopefully avoid unwise financial decisions in the future.
I agree with the original post, school loans stink. Unfortunately they are so prevalent that many college-bound people don't think about the consequences. It is unlikely, but hopefully we start to move away from this buy now, pay later mindset and get some sense.
Why not learn from your decision, put your big boy britches on, and honor YOUR debt? In the long run you will be better for it, and hopefully avoid unwise financial decisions in the future.
I agree with the original post, school loans stink. Unfortunately they are so prevalent that many college-bound people don't think about the consequences. It is unlikely, but hopefully we start to move away from this buy now, pay later mindset and get some sense.
03-05-2014, 10:36 AM
#47
Gets Weekends Off
Joined APC: Feb 2007
Position: FO
Posts: 3,044
Responsible use would not be going $60k+ in debt for an career field that doesn't support the payments.
03-05-2014, 10:43 AM
#49
Gets Weekends Off
Joined APC: Oct 2008
Position: OH CA - Retired
Posts: 355
"I think that if the taxpayers can bail out the banks, insurance companies and car manufactures, the least they can do is [fill in the blank]."<---Get used to it. This expression will be with us for a long, long time.
03-05-2014, 12:10 PM
#50
Line Holder
Joined APC: Oct 2006
Position: 560XL
Posts: 80
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.
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