u/aviation_in_flux

Heya everyone. Prepare to roll your eyes at my situation but I’m in need of guidance here.

I did my PPL training at ERAU Prescott… and with that came an absurd amount of debt (surprising right?). Because I combined my flight training with student loans for class and such, I am sitting at quite a high amount of debt for someone who is in their early 20s.

Here’s my issue though (other than the amount). I refinanced my loans to get a better interest rate and such but that removed the “in school deferment period”. Which in turn means payments are ramping up and my current job does not pay me to cover the cost of the payment.

There are ways to get that deferential period back. Possible refinancing again, etc.

My main concern is finishing training. Looking at places (local part 61 and 141), I’m looking at roughly another $50k-$65k.

I known I’m not the only who has or will be in this situation but what is the general consensus here? Do I stop flight training for now and find a full time job gig? Or do I continue moving forward in my training?

A dilemma

Heya everyone. Prepare to roll your eyes at my situation but I’m in need of guidance here.

I did my Private Pilot training at ERAU Prescott… and with that came an absurd amount of debt (surprising right?). Because I combined my flight training with student loans for class and such, I am sitting at quite a high amount of debt for someone who is in their early 20s.

Here’s my issue though (other than the amount). I refinanced my loans to get a better interest rate and such but that removed the “in school deferment period”. Which in turn means payments are ramping up and my current job does not pay me to cover the cost of the payment.

There are ways to get that deferential period back. Possible refinancing again, etc.

My main concern is finishing training. To get to the point of being “Airline Ready”… I’m looking at roughly another $50k-$65k, and at the end a job isn’t fully guaranteed. The pilot hiring market lowkey sucks right now

I known I’m not the only who has or will be in this situation but what is the general consensus here? Do I stop flight training for now and find a full time job gig? Or do I continue moving forward in my training? Continue cheap school/college?

Heya everyone. Prepare to roll your eyes at my situation but I’m in need of guidance here.

I did my PPL training at ERAU Prescott… and with that came an absurd amount of debt (surprising right?). Because I combined my flight training with student loans for class and such, I am sitting at quite a high amount of debt for someone who is in their early 20s.

Here’s my issue though (other than the amount). I refinanced my loans to get a better interest rate and such but that removed the “in school deferment period”. Which in turn means payments are ramping up and my current job does not pay me to cover the cost of the payment.

There are ways to get that deferential period back. Possible refinancing again, etc.

My main concern is finishing training. Looking at places (local part 61 and 141), I’m looking at roughly another $50k-$65k.

I known I’m not the only who has or will be in this situation but what is the general consensus here? Do I stop flight training for now and find a full time job gig? Or do I continue moving forward in my training?