Sig,
Your comment: "No, I still can't see what you are referring to- adjusting loan size? I spent two years squirrelling away cash, paying off my cars, flying a little here and there to stay current, zeroing out credit card debt, and I took out the barest minimum loan and opted for the interest-only payments for three months. All that I spent preparing for the lean-times (heh) could have easily paid for flight school, but I got a loan anyway... make sense"
... my situation EXACTLY. So, thanks for that perspective.
I am not sure if I am adding anything here, but I guess the way I am looking at it is the fact that even after training and lets say I get hired on by ATP... well for the time I am working for ATP, I am LOSING money.
Follw with me for a moment: there are two ways to look at this thing: like an accountant and like an economist. The economist looks at the value and benefits against the investment. The accountant looks at the revenue stream, black or red. Your first post here is an economic assessment.... and no doubt you are right... that multi-time is in-calculable in terms of career effort.
nevertheless, the accountant approach is necessary TOO because when someone takes on a lot of debt and gets hired by ATP, guess what, theyre not all of a sudden making money, their still LOSING money in terms of cash flow and bills. SOOOOOOOOOOO, for me, I would like to know how much money to PLAN on losing while I live my life and eat and breath as a CFI with ANY employer.
The general answer to that question helps plan loans, savings, debt management, etc....
Make sense? In your defense, I shoulda just said this earlier on an not ripped on ya, but hey...

Bluelake