View Poll Results: What is your college education level?
No Degree
44
10.45%
No Degree (Degree in Progress)
36
8.55%
Associates Degree
35
8.31%
Bachelors Degree
229
54.39%
Masters Degree
66
15.68%
Doctorates Degree
11
2.61%
Voters: 421. You may not vote on this poll
Do you have a college degree?
11-03-2019 | 11:10 AM
#71
:-)
Joined: Feb 2007
Posts: 7,339
Likes: 1
I have an aviation degree. Again, you need to go to the right school. Apply to a dozen and see how much financial aid each offers. Somebody going to riddle, taking on 180,000 in student loans with no way to pay them off is not a smart way to go to college.
Going to a state school, preferably one in your state, taking out federal student loans which offer much greater deferment and repayment flexibility, and either dual majoring or have some kind of non-flying backup plan is much lower risk.
Your comment is like saying digging ditches is impossible because you saw someone try to do it using a spoon. Your example is someone who went about college in a tremendously foolish way.
Going to a state school, preferably one in your state, taking out federal student loans which offer much greater deferment and repayment flexibility, and either dual majoring or have some kind of non-flying backup plan is much lower risk.
Your comment is like saying digging ditches is impossible because you saw someone try to do it using a spoon. Your example is someone who went about college in a tremendously foolish way.
11-03-2019 | 11:39 AM
#72
Banned
Joined: Sep 2016
Posts: 8,831
Likes: 499
Read the Newsweek article I referenced. Further, I was responding to a comment about 100-200k “generic and unmarketable” degrees, not specifically about flying.
That’s an insane outlier, even among people who went to aviation schools
This is an FO I flew with recently, with an aviation degree.
Total debt due: $445,905
Total debt due: $445,905
11-03-2019 | 12:24 PM
#73
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,127
Likes: 796
From: Engines Turn or People Swim
Most college grads are broke and unemployed by definition. If given a choice between getting whatever job they could and starting the long grind of paying off loans OR just filing BK right away, you know what most would do. The BK would be off their record before age 30.
End result of that would be mass defaults and no more unsecured loans, so those who need it most would be shut out.
Risk you take, or you could just go get a desk job. But the risk of industry hiccups impacting pilot hiring in a large negative way is pretty low by historical standards.
11-03-2019 | 02:36 PM
#74
:-)
Joined: Feb 2007
Posts: 7,339
Likes: 1
They don't allow people to BK college loans for very, very good reason... it allows unsecured school loans.
Most college grads are broke and unemployed by definition. If given a choice between getting whatever job they could and starting the long grind of paying off loans OR just filing BK right away, you know what most would do. The BK would be off their record before age 30.
End result of that would be mass defaults and no more unsecured loans, so those who need it most would be shut out.
Most college grads are broke and unemployed by definition. If given a choice between getting whatever job they could and starting the long grind of paying off loans OR just filing BK right away, you know what most would do. The BK would be off their record before age 30.
End result of that would be mass defaults and no more unsecured loans, so those who need it most would be shut out.
11-03-2019 | 06:02 PM
#75
Gets Weekends Off
Joined: Mar 2008
Posts: 348
Likes: 0
From: Ca. CRJ 200
11-04-2019 | 05:46 AM
#76
Gets Weekends Off
Joined: Jan 2007
Posts: 692
Likes: 0
The 11% is due to default when their first regional went TU. The issue is that that debt should have been shed in a personal bankruptcy.
This is what your debt load might look like if you participate in one of the Legacy college hiring programs, and the industry has a hiccup.
This is what your debt load might look like if you participate in one of the Legacy college hiring programs, and the industry has a hiccup.
Last edited by sflpilot; 11-04-2019 at 06:03 AM.
11-04-2019 | 07:01 AM
#77
Porco Rosso
Joined: Apr 2018
Posts: 2,522
Likes: 0
Their credit reports would also be shot, which would be a damn shame once potential employers start pulling them.
11-05-2019 | 05:01 AM
#78
Line Holder
Joined: Jun 2017
Posts: 991
Likes: 9
11-05-2019 | 07:17 AM
#79
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,127
Likes: 796
From: Engines Turn or People Swim
11-05-2019 | 06:58 PM
#80
Gets Weekends Off
Joined: Jan 2018
Posts: 647
Likes: 0
Just to minimize speculation, this link has the numbers:
https://www.valuepenguin.com/student...ost-of-college
To summarize:
Public 2 yr public 4 yr public out of state Private
Tuition $3,570 $9,970 $25,620 $34,740
This is the average annual tuition across the country, not including anything else.
The link also has a graph that compares average tuition over the years, showing a steep increase, but it doesn't say whether the dollars have been adjusted to present-day to account for inflation (I'd assume they are, based on prior research, but not gonna dig it back up).
In my personal experience, a lot of kids thought any degree would be a free ride and in high school and college the value of the trades were greatly diminished. As a civil engineer it was pretty normal to meet a plumber or electrician who was making more than me and quite honestly, I thought their jobs required more critical thinking than most of the non-engineering classes I took in college (I do a lot of my own electrical and plumbing). But I digress...
https://www.valuepenguin.com/student...ost-of-college
To summarize:
Public 2 yr public 4 yr public out of state Private
Tuition $3,570 $9,970 $25,620 $34,740
This is the average annual tuition across the country, not including anything else.
The link also has a graph that compares average tuition over the years, showing a steep increase, but it doesn't say whether the dollars have been adjusted to present-day to account for inflation (I'd assume they are, based on prior research, but not gonna dig it back up).
In my personal experience, a lot of kids thought any degree would be a free ride and in high school and college the value of the trades were greatly diminished. As a civil engineer it was pretty normal to meet a plumber or electrician who was making more than me and quite honestly, I thought their jobs required more critical thinking than most of the non-engineering classes I took in college (I do a lot of my own electrical and plumbing). But I digress...
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