Tristan
Well-Known Member
Hi,
Seems the consensus on this forum is DON'T BORROW MONEY FOR FLT TRAINING. I can see good reasons to be cautious with borrowing, especially with the current economic climate and the stories of guys getting into massive debt which they can't service.
Obviously there are many people here who have borrowed money to get where they are now, me being one of them. I wouldn't mind hearing from the people who have an alternative view on borrowing for education and give some advice to guys who are considering it.
If I can give any advice to the guys who are considering loans, make sure you examine exactly how much it will cost you to service the loan. Look at the worse case scenario in terms of potential income, rental rates and loan repayments and see whether you can still make it work.
This isn't a post to encourage people to get into debt, I'm just interested in different perspectives to the 'DON'T EVER BORROW FOR FLT TRAINING' one.
Seems the consensus on this forum is DON'T BORROW MONEY FOR FLT TRAINING. I can see good reasons to be cautious with borrowing, especially with the current economic climate and the stories of guys getting into massive debt which they can't service.
Obviously there are many people here who have borrowed money to get where they are now, me being one of them. I wouldn't mind hearing from the people who have an alternative view on borrowing for education and give some advice to guys who are considering it.
If I can give any advice to the guys who are considering loans, make sure you examine exactly how much it will cost you to service the loan. Look at the worse case scenario in terms of potential income, rental rates and loan repayments and see whether you can still make it work.
This isn't a post to encourage people to get into debt, I'm just interested in different perspectives to the 'DON'T EVER BORROW FOR FLT TRAINING' one.
