Are aviation loans a bad idea??

To Loan or Not to Loan? The Pros & Cons of Financing Your Flight Training

Pursuing a career as an airline pilot requires a significant investment in specialized flight training and certifications. With costs often exceeding $80,000 at civilian institutions, many aspiring aviators face a tough decision: take out loans to fund their dream or find an alternative path.

In this video, we'll take an in-depth look at the pros and cons of using student loans to pay for flight school. While financing can open doors, it also saddles you with debt that could take decades to pay off on an airline pilot's salary.

You'll hear secondhand from pilots who took out six-figure loans to get fully certified. We'll examine how that debt burden has affected their ability to build net worth, buy homes, start families and more. Were the loans worth it for them?

On the flip side, we'll also explore my perspective, how I became creative or made sacrifices to self-fund my training without loans. You'll learn my money-saving strategies and personal hardships endured to avoid debt.

We'll skim the numbers to model out estimated loan repayment timelines based on typical regional and major airline salaries and expenses. This transparent look at the finances will help you decide if loans are realistic based on your post-training income potential.

The video also weighs more philosophical pros and cons to consider beyond just dollars and cents. From issues of discipline and motivation to the psychological impacts of debt, we'll examine critical factors surrounding loans that may surprise you.

By the end, you'll have a thorough framework for understanding if student loans are a smart way to make your airline dreams a reality or merely an albatross around your financial neck for life. With insights from experienced pilots, finance experts, and detailed calculated examples, you'll be ready to make an informed decision that aligns with your personal priorities and career goals.

0:00 intro
0:43 the traditional route
1:34 what you haven't been told
4:10 why you should go the debt route

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