Originally Posted by
gbotley
And as it so should! -- It's a lot of money.
My advice to you is to look very closely at the expected salaries at airlines you want to end up at. Ideally, those that take low hour pilots. My own forecasts for finance were based on full time salary not in the slightest aware some airlines force RESERVE or part time as you progress in your career. The latter case representing a reasonable drop in salary over winter. Could you afford your loan repayments in that event?
All the best though!
I have heard/read about low hour pilots being put in reserve for low season... I guess that is the financial model some low costs have... I can certainly wait it out, I'm only living with "living expenses", I don't have a mortgage nor am I paying rent, guess I'm lucky my house is paid for. It would be insane to do this otherwise, the numbers just wouldn't add up.