PPRuNe Forums - View Single Post - £60,000 - £70,000 debt? WORTH IT?
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Old 22nd December 2005 | 12:33
  #35 (permalink)  
Dave Martin
 
Joined: Mar 2004
Posts: 358
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From: London
Sstaurus,

Sorry, what I'm trying to say is that 70K debt, while obviously being huge, can be repaid in 10 years on a typical jet salary while still allowing a comfortable standard of living - even in London.

Where I think integrated isn't worth the cost is if you end up in a TP job, which seem to typically pay between 17K and 23K per year. Quite how one can live AND pay off the integrated course fees while on this salary I do not know. Survival might sum it up, and even though you love the job, I don't think I could justify it.

I think my point is, while the 70K sounds like a lot, if you get the jet job at the end of it then in my opinion it is probably money well spent. If you don't get the job then you have taken a massive gamble and lost - big time. In that respect I can see an advantage in modular as you are saddled with less debt, but if the job prospects with modular are lower than with integrated then there is a greater chance of failing to get "the job".

35K or 70K; if all you have at the end of it is some nice memories and a piece of paper from JAA then you are screwed either way.
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