Hey there guys new member here,
Before popping the questions I just wanted to put a little about me for background;
2 Bachelor degrees, one in Biology, one in Nursing
Currently employed as a nurse, make about 65k/yr in Michigan
Considering going to Tampa/st petersburg for training
With the two degrees, 2 years post-grad, I have about 100k in student loans, can completely afford it right now with a mortgage, (wife also has similar paying job), 2 cars, newborn, etc and about a 1k surplus/mo.
3 Questions:
1: Is it realistically feasible to hold a job as a nurse where I would work 1, or maybe 2 days a week with twelve hour shifts while going through the program training and as a CFI while hitting close to that 100 hour/month mark? I gather that this would be busy busy busy and I wouldn’t have much downtime if any at all…but bills lol. This would give me about 20-40k/yr in addition to the CFI salary which would help loan repayment and new mortgage if we move to Tampa/petersburg from MI.
2: During ATP training, do some or all of the previous student loans enter deferment during the program? (Government, and Sallie mae are currently held) I imagine at least the sallie mae one would if I finance through them.
3: Hypothetical/grab your crystal balls please–Housing market has been great lately and arguably has helped boost the aviation industry and demand for new pilots-good economy, good flying…If we experience another housing crash in the next year or two (very afraid of this happening as I start training or just as I complete it) how bad would this hurt new CFIs trying to gain that experience and get one of those valuable contracts with airline companies, and how long would the low slump likely last for?
Thank you guys, apologies for the long text, big move, super excited for it, but I want to make sure I am not setting myself and family up for failure before I start.