Originally Posted by Upntheair27 (Post 2244720)

So the PSA base pay of 38.50x75 plus $3000 for hotels comes out to $37,650. I know its close but am i missing something or did they slightly raise hourly pay rate recently too?

Originally Posted by Dubz (Post 2244689)

Personal perspective, but I believe the reason the WOs/AA are offering bonuses is that they didn't want to adjust the pay scales across the board. It was easier and cheaper to give bonuses and manipulate the pay scales by shifting the year 3 and 4 scales to 1 and 2. It was all done to fill seats.

If I were looking, I would consider the ease of getting to work, anticipated reserve time frame, other QOL issues, and then pay. You will have plenty of time to think about whether or not that 5K differential was worth it when you are on your second year of reserve when you could have sat two or three months... if you find yourself there. You'll make up the 5K month by month by not being on reserve and flying over guarantee.

Best of luck with your decision.

Originally Posted by BizJet (Post 2244615)

Thankfully all mine are federal. So they should count it towards principle.

Originally Posted by Pedro4President (Post 2245140)

Pretty sure all loans are interest first then principal. That's pretty standard across the board isn't it?

Originally Posted by Dubz (Post 2244592)

The press release says "over $21000". Looking at the three websites Piedmont's breaks it down to 38.8 (salary) + 16.2 (sign on) + 5 (121 experience bonus); PSA's states "can receive over $21,000 immediately"; and Envoy's says "receive up to $22,100 sign-on bonus on your first day."

That would lead my untrained eye to believe that they wanted to tout 60K 1st year FO pay across the board and like the previous examples... what one gets they all get.

Has Envoy dropped the 121 experience requirement for the 5K? Neither Envoy or PSA gave a specific breakdown that I could find.

Originally Posted by collegedropout9 (Post 2245937)

I forgot to add that he is US Army trained. Me too..

Originally Posted by collegedropout9 (Post 2245936)

A couple of questions for those in the know. A friend of mine is a high time helo guy, age 53 years old, with a PVT/Instrument fixed-wing ratings. At what point would he become competitive for the regionals. How many hours fixed-wing and how many hours multi engine. Thanks in advance for any positive replys.

Originally Posted by E175 Driver (Post 2245977)

60K first year pay, and 12K pay cut second yr pay.

Do your homework fellas

Originally Posted by NMuir (Post 2244604)

Except that Sallie Mae applies extra payments to interest, not principle :mad:

Originally Posted by Pedro4President (Post 2245140)

Pretty sure all loans are interest first then principal. That's pretty standard across the board isn't it?

Originally Posted by E175 Driver (Post 2245977)

60K first year pay, and 12K pay cut second yr pay.

Do your homework fellas

Originally Posted by TallFlyer (Post 2245997)

Meh. Learn how to not live paycheck to paycheck and move on with your life.

Your perspective could just as easily be "48K first and second year, and 12K extra thrown at my debt."

Originally Posted by TallFlyer (Post 2245994)

If you know how loans work that makes zero sense. If you look on Sallie Mae's website they'll tell you that interest accrues daily. So unless they're banking your extra payments and applying it towards later, not yet accrued interest (spoiler alert: they're not), any additional amount above the interest portion of you payment gets applied to principal.

https://www.salliemae.com/student-lo...ng-off-a-loan/
Sallie Mae: How To Apply Payment To Principal - Graduating in Debt


Google "Amortization Schedule." Bottom line, your payment is allocated to varying amounts of principal and interest across the life of the loan. You do pay more in interest earlier in the life of the loan, but anything extra above your calculated payment should be applied to principal.

Originally Posted by PSA help (Post 2244537)

Paying off high interest loans will save you a TON of money in the long run!

Originally Posted by BizJet (Post 2245185)

That might be why my parents told me to bank the bonus, in savings, and just do my monthly payments out of it. I need to call them and find out what they do.

Originally Posted by Bravix (Post 2246123)

But student loan interest is tax deductible up to $2500? If you're incurring more than $2500 a year in interest, then yeah, pay it down. But otherwise, you get back at tax season (assuming your federal withholding was >=$2500). Though if you've got nothing to invest the extra cash in, loans aren't bad I suppose.




Depends. Do you have multiple loans? Or did you have them all consolidated?

If you have multiples, you can just start paying down the interest and the principal on one, while just making the minimum on others (if decreasing principal is your goal).

Originally Posted by slinger (Post 2246155)

How does earning vacation time work at envoy and psa? Is it the same?

Originally Posted by TallFlyer (Post 2245994)

So unless they're banking your extra payments and applying it towards later,

Originally Posted by TallFlyer (Post 2245994)

Originally Posted by slinger (Post 2246155)

How does earning vacation time work at envoy and psa? Is it the same?

Originally Posted by PilotJ3 (Post 2246569)

For envoy it's depends when you start training. If you start before the 15th of a month it counts for that month accrual. If you start, for example, on January 1 you will acrrue 12 days off for the next year. If you start in January 16, then you only will get 11 days off for the next year.

Then it's 2 full weeks until yr 7, which you will get 3 weeks. If you get to flow before that, you will never see a 3rd week of vacation. I think 4 weeks is on yr 15, not sure about it.

Originally Posted by chrisreedrules (Post 2246157)

Your first year at PSA you get 1 week of vacation. After year 1 you get 2 weeks. At some point it increases to 3 and 4 weeks but you have to be here quite a while to see that (someone correct me if I'm wrong). And, at the risk of people complaining, I'll just add that you can have a vacation every month as a line holder. In December I'm off from the 21st until New Years and I'll likely have a few days off in January at the beginning of the new year too. So basically I got 2 weeks in a row off over one of the busiest travel times of the year because of our SAP.

Originally Posted by Swearingin (Post 2246632)

Total minimum mandatory days of paid leave per year, including Public Holidays:

Afghanistan: 35
Austria: 38
Australia: 30
Belgium: 30
Colombia: 33
Cuba: 33
Canada: 16
Germany: 29
Italy: 32
New Zealand: 31
Russia: 32
USA: 0
Zimbabwe: 33

Originally Posted by Blizzard (Post 2246572)

OK, so if I started this December 19, I would have no vacation to take until after the entire 2017 calendar year? No vacation to take until you have been on property a year? (not xxx hours per month). Thanks, I appreciate the clarification.

Originally Posted by E175 Driver (Post 2245977)

60K first year pay, and 12K pay cut second yr pay.

Do your homework fellas

Originally Posted by PSA help (Post 2246855)

As of now. It will likely go up another $10k or more before then.

Originally Posted by E175 Driver (Post 2246885)

That tell me right there that after the 824 flows are gone in a couple months, the rest of the flow will begin to sputter.:o

AA will get pilots one way or the other via flow or the 10k apps they have on file.

Originally Posted by E175 Driver (Post 2246885)

That tell me right there that after the 824 flows are gone in a couple months, the rest of the flow will begin to sputter.:o

AA will get pilots one way or the other via flow or the 10k apps they have on file.

Originally Posted by E175 Driver (Post 2246885)

That tell me right there that after the 824 flows are gone in a couple months, the rest of the flow will begin to sputter.:o

AA will get pilots one way or the other via flow or the 10k apps they have on file.

Originally Posted by cr700 (Post 2247302)

The flow is not going to "sputter." It's contractual. Why don't you stop your inflammatory posts? I'm not sure that you even work here, and if you do, you are most likely some disgruntled old timer with an ax to grind like most posts regarding Envoy.

Originally Posted by cr700 (Post 2247302)

The flow is not going to "sputter." It's contractual. Why don't you stop your inflammatory posts? I'm not sure that you even work here, and if you do, you are most likely some disgruntled old timer with an ax to grind like most posts regarding Envoy.

Originally Posted by E175 Driver (Post 2246885)

That tell me right there that after the 824 flows are gone in a couple months, the rest of the flow will begin to sputter.:o

AA will get pilots one way or the other via flow or the 10k apps they have on file.

Originally Posted by TallFlyer (Post 2245994)

If you know how loans work that makes zero sense. If you look on Sallie Mae's website they'll tell you that interest accrues daily. So unless they're banking your extra payments and applying it towards later, not yet accrued interest (spoiler alert: they're not), any additional amount above the interest portion of you payment gets applied to principal.

https://www.salliemae.com/student-lo...ng-off-a-loan/
Sallie Mae: How To Apply Payment To Principal - Graduating in Debt


Google "Amortization Schedule." Bottom line, your payment is allocated to varying amounts of principal and interest across the life of the loan. You do pay more in interest earlier in the life of the loan, but anything extra above your calculated payment should be applied to principal.

Originally Posted by cr700 (Post 2243483)

Why would you even consider going to PSA? To add to what P4P has outlined above:

Upgrade time dropping like a rock. Likely 2 year Captain's at Envoy very soon.

Flow goes to 40 per month in January.

LGA is a brand new base and we have another one looming. Think sub tropics.

Hire here and your ticket to AA has been punched. One interview and your career is off and running. You'll be in an AA cockpit in under 6 years.

So, why was it you were considering PSA again?

Originally Posted by Smutter (Post 2248293)

Never believe a word from cr700

Originally Posted by Positiveg (Post 2247882)

Yep. From what I've heard, if you pay more than your monthly payment, Sallie Mae will apply the extra amount them to future payments. If you want them to apply the extra money to principal you have to call them and specifically ask for it. They are obviously not gonna make it easy for you to pay down your balance as quickly as possible.