Loan Forgiveness
03-05-2014, 05:31 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Dec 2013
Posts: 1,602
Loan Forgiveness
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, 05:45 AM
#7
Bracing for Fallacies
Joined APC: Jul 2007
Position: In favor of good things, not in favor of bad things
Posts: 3,543
If your employer makes it part of the compensation package, great! But, I don't see why people who made the decisions they made should be forgiven of the debt they have, especially with the proliferation of the internet....i.e., you had the knowledge and information available. And yes, where does that money come from? Is it fair to saddle the taxpayer with that? Should we encourage prospective pilots to take on massive debt because there are little to no consequences? I think this is a bad idea.
03-05-2014, 05:54 AM
#9
Gets Weekends Off
Joined APC: Feb 2007
Position: FO
Posts: 3,044
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.
I am a 9yr regional FO, and I have almost paid off all of mine. (45k down to about 6k now). Deal with it. Also, the forgiveness only applies to government loans, if you took out a Citi, Key, Sallie MAe, etc (which over half of mine were) you are SOL even if you are a teacher or nurse.
03-05-2014, 05:59 AM
#10
Gets Weekends Off
Joined APC: Jan 2009
Position: Airbus 319/320 Captain
Posts: 880
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?
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