I DO NOT regret taking out a loan for my flight training. I wouldn't be where I am today without it...sunny Florida.
Little history:
I was in the Air Force for 8 amazing years as a turbo prop/ turbo shaft mechanic working on the C-130, H-60 respectively. My salary was around $50K a year including benefits. I decided to leave to follow my dreams to become a commercial pilot.
The VA (GI Bill) helped with my flight training and I took out the rest ($60,000) in a loan. I started from zero flight time and obtained my CFI, CFII, and MEI all within the past two years. I worked on the side while getting the CFII and MEI.
I'm currently employed by the 141 academy that I received all my certificates and ratings. I work for a contract at the academy and make $50K a year. My loan payments ($350 a month) have dropped significantly since the economy has hit bottom.
So, would I do it again. You bet!! However, you need job security when you complete your training. From my perspective, that is at an approved 141 school with foreign contracts. Our foreign contracts continue to grow and our academy employees 80 instructors to meet the demands.
Better than any regional job out there.....if there are any:laff:
My 2 cents:rawk: