Originally Posted by
petra.oskertrich1995
Not sure what else to do! I've already spent time in Broome and Alice before returning to Melbourne and completed the FIR (last month). I've now topped up C206 time (total of 23 hours). I took out a personal loan for the instructor rating and finished it and was told nobody is being offered a job. Managed to add $21k to my overall debt accumulated from all of this training, plus a personal loan to cover C206 time. I've also finished the JPA course and have an IPC coming up in a few months which I'll do. So I understand that so many pilots have lost their jobs but I feel really disheartened because people like me have not even had a chance. I finished the CPL, MEIR courses under VET (which cost alot of money), plus the 2 personal loans and a total debt of just over $100k. The personal loans I need to start paying back at $830 a month. So I'll need to work in a call centre to start paying off loans for a career that will probably never happen.
The good news is that you don't go to jail these days for not being able to pay your debt. The other good news is that no one can take your Pilot's licence away.
I would encourage you to discuss your plight with your banks. You can only pay them what you can afford.