So I’ve been doing some reading and researching about piloting, schooling, salary, loans, and career options, and I think I’ve fully decided that I want (or need?) to become a pilot! However, I’m just concerned about how I am going to complete everything I need to do without drowning myself in financial chaos afterwards.
So if I take out a loan of $75,000, I can complete all of my training within ~9 months. Afterwards, I can spend around 2 years as a Flight Instructor while building my hours (~$40,000 for the 2 years). Then, I would have all my hours which means I can start flying for regional airlines.
But this is where my confusion comes in.
If I start flying at a Regional Airline, what would my starting salary be, how many raises will I experience, and how much would each raise be? The reason why I ask this is because I am terrified of the possibility that I would not be able to make back my student loan payments, let alone my own personal living standards.
I am also wondering if I could also start flying for Major Airlines after I build my 1500 hours.
Also, do Regional AND Major Airlines require you to have any college experience or degrees? If so, then I would need to make a major change of plans.