Is the $200k Debt worth it?
09-12-2006, 01:46 PM
#21
Gets Weekends Off
Joined APC: Jul 2005
Posts: 2,242
Originally Posted by bla bla bla
Is 50,000 worth it?
-LAFF
09-18-2006, 02:16 PM
#22
Line Holder
Joined APC: Jun 2006
Position: Embry-Riddle wrecked me finincially and turned me into a bitter old S.*.B.
Posts: 48
Originally Posted by Lacedup18
.Then I would like to be a commercial Airline pilot for a major airline. I would like to be wealthy and by wealthy I mean owning a nice house ($400k), 2 nice cars (subaru WRX STI and A Evo IX MR =) ). Basically just live comfortably but above average
With The college degree and military expierience would I be one of the most likely caniditates to be hired?
Would the $200k + in debt be worth it?
What would my starting pay be?
About how much should i be expecting to make in 5 years?
Any of you know If air traffic controllers realistically see 6 figures?
I read a lot of articals saying the average pilot makes about $130k per year, but from the talk on this boared it seems like a lot less.
With The college degree and military expierience would I be one of the most likely caniditates to be hired?
Would the $200k + in debt be worth it?
What would my starting pay be?
About how much should i be expecting to make in 5 years?
Any of you know If air traffic controllers realistically see 6 figures?
I read a lot of articals saying the average pilot makes about $130k per year, but from the talk on this boared it seems like a lot less.
I have friends who have been in aviation for 20 years and are just now starting to make the salaries that you mention.
Here is a word of advice-- I learned a long time ago that it is a LOT better to be the person who sits in the back of the business jet than the one who sits in front.
09-19-2006, 07:53 AM
#23
Gets Weekends Off
Joined APC: Dec 2005
Position: FO, looking left
Posts: 1,057
$1,000 a year for books is not a bad estimate. I have paid $300 in a year for books, and I have payed $1050 in a year for books.
Even if you think that number is high, it does not affect the overall picture of $27k a year for tuition, $7k a year for room and board, $10k a year for flying. WAY TOO MUCH MONEY!!!
BTW, I have a degree in Aerospace Engineering but I chose flying instead. I had friends who made $65k a year out of college. I don't care that I will probably make more money as an engineer than as a pilot. I have no desire to sit at a computer and do math for the rest of my life. I would much rather be flying a plane, even if that maxes out at SENIOR regional captain/ legacy FO pay (80-100k). So make your choice for what you want to do in your life. Don't worry so much about the pay. Thats what I recommend.
Even if you think that number is high, it does not affect the overall picture of $27k a year for tuition, $7k a year for room and board, $10k a year for flying. WAY TOO MUCH MONEY!!!
BTW, I have a degree in Aerospace Engineering but I chose flying instead. I had friends who made $65k a year out of college. I don't care that I will probably make more money as an engineer than as a pilot. I have no desire to sit at a computer and do math for the rest of my life. I would much rather be flying a plane, even if that maxes out at SENIOR regional captain/ legacy FO pay (80-100k). So make your choice for what you want to do in your life. Don't worry so much about the pay. Thats what I recommend.
09-19-2006, 11:50 AM
#24
Line Holder
Joined APC: Sep 2006
Position: Cessna 182RG - Left seat haha
Posts: 44
Originally Posted by POPA
$1000 a year for books? I'd suggest doing your math again, junior.
09-19-2006, 11:54 AM
#25
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Joined APC: Sep 2006
Position: Cessna 182RG - Left seat haha
Posts: 44
Originally Posted by crewdawg52
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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