Originally Posted by
nomess
Do your research on the financials behind the degree also, especially what happens after you get licensed.
Indexation is extremely painful on your loan total if you fail to secure work, or work for low paying jobs which is the norm, in the first few years. I’ve heard some horror stories, with people failing to get work, and a loan total in the high 200s. Even those who get work, only earn enough to pay off the interest/indexation, so barely get ahead. Again, when they finally pay it off, total is well into the 200s.
thanks
I got some guaranteed work outside of aviation which can fund my loan but according to QLD government website you don’t need to pay your loan until you exceeded something around 50k a year income so based on that I was thinking of just start the flight training
is it risky?