Originally Posted by
Clare Prop
That is an eye watering amount of money. It does worry me how many people are clocking up these massive debts with indexation at 7.1%, That's $9940 a year added if you don't pay any off this year. On a typical instructor's starting salary you would pay off maybe $1400 a year, the rest compounds.
A good way to stand out on a resume s to have more PIC time and diverse exerience than the other applicants.
I learnt this the hard way. Finished CPL then decided to get more shiny new tickets on HELP loan in the hopes I'd "walk into" a job as a result. On $120k debt right now. The flying jobs I've had so far have come across as "nice mate, are you available to fly for us? you will need a xx rating/endorsement/time on xx type, get it done ASAP". Those offers came about in the first place as a result of getting about, hanging around airports, talking to pilot mates etc - not sitting at a flight school on another course!!