Is the $200k Debt worth it?
09-10-2006, 02:27 PM
#11
Gets Weekends Off
Joined APC: Oct 2005
Posts: 900
Originally Posted by Lacedup18
I did all the math, its almost 50k a year. 26k for classes 10k for flight, 7k for room and board. 1k for books and like 2k for food. Thats 46k per year, not to mention taxes if theres any and intrest on loans and misc expenses, it could be a little over 200k after 4 years.
You live in NJ. Rutgers has a Aero Engineering program. It's a well known school. Tuition and fees for NJ residence for commuters is near $11,000 a year. This is without housing and food. With housing and food, it's $19,000 a year.
09-10-2006, 03:20 PM
#12
Gets Weekends Off
Joined APC: Apr 2006
Position: BE-20, RA390
Posts: 644
cars???
Who cares what kind of car you drive? Many pilots do not drive high end cars, to leave them parked at the airport for up to a week or more.
I like cars, but that should not be a serious consideration.
I like cars, but that should not be a serious consideration.
09-10-2006, 06:50 PM
#13
Gets Weekends Off
Joined APC: Oct 2005
Position: SF340
Posts: 244
Originally Posted by GauleyPilot
Who cares what kind of car you drive? Many pilots do not drive high end cars, to leave them parked at the airport for up to a week or more.
I like cars, but that should not be a serious consideration.
I like cars, but that should not be a serious consideration.
Thats why I still drive my chevy pickup AFTER it has been totalled. That, and, it's hard to buy a new vehicle at FO wages.
09-10-2006, 07:08 PM
#14
Banned
Joined APC: Nov 2005
Posts: 260
Originally Posted by POPA
$1000 a year for books? I'd suggest doing your math again, junior.
I bought my books for 430 bucks this semster, and all used except the ssg which was only 20. So 1000 bucks is not hard to spend on books per yr, especially if there are no used books.
09-11-2006, 05:24 AM
#16
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Joined APC: Jan 2006
Position: Right Seat 744
Posts: 946
Let's see.......you get out of college with, let's just say, $120,000 in debt. You are in fantasty land if you think you are going to be a pilot in ANY military service with only a 4-5 year commitment. I had a 6 yr (6 yrs AFTER i got my wings) and that was in '83. Now it's 10 yrs with the AF, USN, USMC, and the Coasties.
Ok, you dont do the military thing and become a regional pilot. You still have the $120,000 in debt and now you are making a whopping $23,000 a year
($23/hr x 80 hr/mnth + maybe some per diem). Pay taxes, repay your loan, etc, etc. Hope you like pbj's......
Ok, you dont do the military thing and become a regional pilot. You still have the $120,000 in debt and now you are making a whopping $23,000 a year
($23/hr x 80 hr/mnth + maybe some per diem). Pay taxes, repay your loan, etc, etc. Hope you like pbj's......
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