Loan Forgiveness
03-06-2014, 04:55 PM
#71
Gets Weekends Off
Joined APC: May 2006
Position: Jet Pilot
Posts: 797
Neither can your employer. You should quit. You don't want to work for people who don't understand basic economics.
I bet guys like you either have or would be willing to felatiate recruiters for bankrupt airlines. I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American. They all went bankrupt, so I bet you want nothing to do with them right?
Places like Key Bank and Sallie Mae are irresponsible at best and predatory at worst. They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway. They wouldn't give those loans out if they hadn't paid off politicians to make bankrupting their loans next to impossible.
If a guy who had a GED and bagged groceries at the Piggly Wiggly walked into a bank and asked for a $100,000 loan to finance a project to build a spaceship, that bank would negligent if they gave the poor sap the money knowing he could never pay it back. Student loans have turned people into slaves. We all make financial mistakes. Individuals are being denied the ability to ease their burdens while our corporate masters have integrated bankruptcy into their business plans.
I bet guys like you either have or would be willing to felatiate recruiters for bankrupt airlines. I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American. They all went bankrupt, so I bet you want nothing to do with them right?
Places like Key Bank and Sallie Mae are irresponsible at best and predatory at worst. They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway. They wouldn't give those loans out if they hadn't paid off politicians to make bankrupting their loans next to impossible.
If a guy who had a GED and bagged groceries at the Piggly Wiggly walked into a bank and asked for a $100,000 loan to finance a project to build a spaceship, that bank would negligent if they gave the poor sap the money knowing he could never pay it back. Student loans have turned people into slaves. We all make financial mistakes. Individuals are being denied the ability to ease their burdens while our corporate masters have integrated bankruptcy into their business plans.
Neither can your employer. You should quit. You don't want to work for people who don't understand basic economics.
I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American
They all went bankrupt, so I bet you want nothing to do with them right?
They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway.
Student loans have turned people into slaves.
03-06-2014, 05:05 PM
#72
Gets Weekends Off
Joined APC: May 2006
Position: Jet Pilot
Posts: 797
I will not support any system that removes personal accountability. Be smarter, and get your crap paid off. I'm 27, a third year regional FO, and I am out of debt. I have a degree from a large aviation-oriented university. Community college transfer credits are awesome.
The problem isn't the loans. There are plenty of ways to get relief if you really need it. The problem is the people racking up debt with no solid plan of repayment.
The problem isn't the loans. There are plenty of ways to get relief if you really need it. The problem is the people racking up debt with no solid plan of repayment.
Pete,
Congrats on getting out of debt and thank you for being a voice of reason on this thread.
03-06-2014, 05:33 PM
#73
Banned
Joined APC: Jan 2008
Position: Pilot
Posts: 2,625
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.
Last edited by Red Forman; 03-06-2014 at 06:05 PM.
03-06-2014, 05:40 PM
#74
Banned
Joined APC: Jan 2008
Position: Pilot
Posts: 2,625
Neither can your employer. You should quit. You don't want to work for people who don't understand basic economics.
I bet guys like you either have or would be willing to felatiate recruiters for bankrupt airlines. I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American. They all went bankrupt, so I bet you want nothing to do with them right?
Places like Key Bank and Sallie Mae are irresponsible at best and predatory at worst. They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway. They wouldn't give those loans out if they hadn't paid off politicians to make bankrupting their loans next to impossible.
If a guy who had a GED and bagged groceries at the Piggly Wiggly walked into a bank and asked for a $100,000 loan to finance a project to build a spaceship, that bank would negligent if they gave the poor sap the money knowing he could never pay it back. Student loans have turned people into slaves. We all make financial mistakes. Individuals are being denied the ability to ease their burdens while our corporate masters have integrated bankruptcy into their business plans.
I bet guys like you either have or would be willing to felatiate recruiters for bankrupt airlines. I bet you tripped over yourself to send your resume in as fast as you could to places like United, Delta, US Air and American. They all went bankrupt, so I bet you want nothing to do with them right?
Places like Key Bank and Sallie Mae are irresponsible at best and predatory at worst. They know the financial prospects for a would be airline pilot, yet they handed out $100,000 loans anyway. They wouldn't give those loans out if they hadn't paid off politicians to make bankrupting their loans next to impossible.
If a guy who had a GED and bagged groceries at the Piggly Wiggly walked into a bank and asked for a $100,000 loan to finance a project to build a spaceship, that bank would negligent if they gave the poor sap the money knowing he could never pay it back. Student loans have turned people into slaves. We all make financial mistakes. Individuals are being denied the ability to ease their burdens while our corporate masters have integrated bankruptcy into their business plans.
03-06-2014, 05:45 PM
#75
Gets Weekends Off
Joined APC: May 2009
Posts: 2,035
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.
Over $200,000.00 in student loans, and oblivious to proper spelling of the word "paid"(not payed) that my 6 year old knows? Sad....
03-06-2014, 05:59 PM
#76
Banned
Joined APC: Jan 2008
Position: Pilot
Posts: 2,625
Why are you trolling in the regional section oh mighty slowtation driver? Ignore the main body of the text and just focus on you, you and only you. I hope you get cancer and die slowly. Drop me a line as to where you intend to be buried. I'll stop by to **** on your grave. Idiots like you are part of the problem in this industry.
03-06-2014, 06:10 PM
#77
Gets Weekends Off
Joined APC: Sep 2007
Position: 777 Captain in Training
Posts: 1,457
Why are you trolling in the regional section oh mighty slowtation driver? Ignore the main body of the text and just focus on you, you and only you. I hope you get cancer and die slowly. Drop me a line as to where you intend to be buried. I'll stop by to **** on your grave. Idiots like you are part of the problem in this industry.
03-06-2014, 06:20 PM
#79
Gets Weekends Off
Joined APC: Jun 2008
Posts: 939
Maybe we have this "predatory lending/sky high interest" because of irresponsible people who refuse to pay back their loans? Just like insurance....if you are in a high risk category, your rates go up. We were all 18 once, and most of us did the responsible and moral thing. It took me an extra 2 years to finish college because I worked on the side, why should you get a free ride?
Thread
Thread Starter
Forum
Replies
Last Post
EMmariano
Flight Schools and Training
7
03-06-2009 05:24 PM
