The hourly rate for a Grade Three is usually closer to $30-35 per flying hour. It varies between schools, but $20 is well below average.
You should care about the money, those who rely on instructing to make a living certainly do. There is nothing wrong with asking for what you are worth, and you shouldn't undervalue yourself and others to try and win a job. If you have already agreed to this rate, and have started the rating it could be difficult to change at this stage. If not, ask for the award rate, and get an agreement and a job guarantee in writing. If they won't do that for you, say ta-ra.
There is a link to the award somewhere on this BB.
Good luck!
[This message has been edited by Charlie Foxtrot India (edited 06 June 2001).]