Loan Forgiveness
03-06-2014, 07:04 AM
#61
Line Holder
Joined APC: Jan 2008
Position: MD-11 CPT
Posts: 76
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.
03-06-2014, 07:33 AM
#62
Gets Weekends Off
Joined APC: May 2009
Position: Square root of the variance and average of the variation
Posts: 1,602
Never took private lender loans which often have usury interest rates. As income has fluctuated over the years I was allowed to defer or use forbearance but the interest accrued. The private lender loans get people in trouble - fees, penalties, etc.
03-06-2014, 12:38 PM
#63
Gets Weekends Off
Joined APC: Sep 2006
Position: Lovin' life at .4 (ish) mach
Posts: 1,317
A big chunk of the student debt at Colleges goes to worthless Athletic programs, to pay for some guy's scholarship to play with a ball, everyone knowing that he will go to a professional sports team at the first chance. Who's paying for that guy, it isn't the athletic department. It makes me angry to see a Delta A330 fly into somewhere with a football team knowing that the rest of the students are paying for that charter.
03-06-2014, 01:39 PM
#64
Gets Weekends Off
Joined APC: May 2012
Position: OO RJ FO
Posts: 437
A big chunk of the student debt at Colleges goes to worthless Athletic programs, to pay for some guy's scholarship to play with a ball, everyone knowing that he will go to a professional sports team at the first chance. Who's paying for that guy, it isn't the athletic department. It makes me angry to see a Delta A330 fly into somewhere with a football team knowing that the rest of the students are paying for that charter.
03-06-2014, 01:39 PM
#65
Gets Weekends Off
Joined APC: Sep 2007
Position: 777 Captain in Training
Posts: 1,457
No true he or she is probably ****ed you want us the tax payers to pay for it.
03-06-2014, 01:45 PM
#66
Gets Weekends Off
Joined APC: Sep 2007
Position: 777 Captain in Training
Posts: 1,457
You need to do some studying on how much a college football program makes in TV, sponsors, ticket sales, boosters... Someone paying tuition does not pay for the football team's expenses. The football team can make enough money to carry all the other sports, like baseball, Olympic sports etc
Actually most college athletic departments do not even break even.
Most NCAA Division I athletic departments take subsidies
03-06-2014, 02:11 PM
#67
Gets Weekends Off
Joined APC: Jan 2009
Position: Airbus 319/320 Captain
Posts: 880
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.
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