Need financial advice for pilot training
I am currently studying in class 12th with PCBM. I have always wanted to be a pilot ever since, but seeing how much is needed for pilot training makes me lose hope, plus there seems to be no scholarships available.
My parents annual income combined do not cross 8lakhs. I've searched online for solutions to fund my needs and taking an educational loan of 50+lakhs seems to be the only way. We have the collateral valued at about 40-50 lakhs but even if i go down this path, I'm afraid I'll put the me and my family in a generational dept if in any circumstance i fail to become a pilot.
I've thought of going down the cadet pilot programs path but the thought of the cost to do so kills me (90+lakhs). Though it seems (from what I've read) i will be guaranteed a job after my training is complete and Will i be able to pay back the loan if all goes well?
I'm really lost, i dont know what to do but the thought of being in that cockpit entrusted by the passengers makes me want to do what seems to be financially impossible. Please help me in any way you can and no sugarcoating please