Help me talk my wife out of taking out a 120k loan for flight school

Posted by LeatherFruitPF@reddit | flying | View on Reddit | 187 comments

My wife, over the summer, spoke with a near retired woman pilot on one of her deadheads and at some point in that conversation the pilot told her it’s never too late to become a pilot.

Since then she’s become consumed with the idea of pursuing a career as an airline pilot. When she went on a discovery flight and got to fly a plane for herself, it solidified it and now she’s completely tunnel visioned from that high. And now she will do anything to achieve the dream. She wants no distractions because she’s in her mid 30s and wants it ASAP.

I support her dream to fly. I absolutely do not support her intended means to do it. I don’t know what kinds of loans exist for flight school, but I’d imagine they are predatory with double digit interest rates over 10-20 years and she’d end up paying well over double the borrowing amount, and basically no safety net, no job guarantee, and a high likelihood she might not even make it through an accelerated program. Fuck. That.

Would she even be approved for a loan that massive? Her credit score is mid 600s and she has a car and student loans as well. She’s a flight attendant making 40k/yr, while I’m a first year accountant making just under 60k/yr. And I refuse to co-sign that kind of loan that has a high potential to financially ruin us if even one small fuck up occurs in or out of her control. She can do everything right and there’s no guarantee we won’t be in a mess.

I’ve tried to explain all this to her but she keeps reassuring me that it will all be worth it in 7-10 years when she’s finally making six figures. She wants to go all the way rather than a modular route that I suggested (save up for a PPL first, then go from there), because she’s convinced she’s running out of time considering airline pilots must retire at 65 and she “needs” to be an airline pilot for 20 years.

She’s so fixated on the reward that it’s basically cope to avoid considering the real risks. Far too many risks and too little guarantees. I never thought in all our years together she’d be this reckless towards a goal, and I hate that I’m the sole voice of reason among all her friends and aviation colleagues encouraging her to chase the dream.