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Originally Posted by Std Deviation
(Post 1693782)
The FAA mission to concomitantly "promote" and "regulate" aviation are diametrically opposed philosophies.
The current MISSION STATEMENT does not mention such opposed ideas: Mission The only 'promote and regulate' I see any more is to: "Regulating civil aviation to promote safety" What we do They (the gov't) at least recognizes this when it comes specifically to Commercial Space Travel as disclosed in this GAO report: GAO report number GAO-12-836T entitled 'Commercial Space Transportation: Industry Trends, Government Challenges, and International Competitiveness Issues' which was released on June 20, 2012. ...suggesting that FAA and Congress must remain vigilant so that potential conflicts in FAA’s safety oversight and industry promotion roles do not occur. Congress required the 2008 DOT-commissioned report to discuss whether the federal government should separate the promotion of commercial human spaceflight from the regulation of such activity. |
Originally Posted by Std Deviation
(Post 1693782)
The FAA mission to concomitantly "promote" and "regulate" aviation are diametrically opposed philosophies.
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You guys don't give the FAA enough credit. Having dealt with other aviation authorities, the FAA is by far a very efficient organization in comparison.
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Originally Posted by beech1980
(Post 1693797)
I was just looking out of curiosity to what Riddle and UND cost.
I was in shock when I saw it! Riddle is 43k a year just for a BS degree. Plus another 60K for flight training. Then you add on room and board and all the other ridiculous fees and charges. Your looking at close to 250K!! I went to UND in the 90"s and I think it ran about 65k. For same degree and training that you get at Riddle it's about 150k... UND is a bargain if you can get reciprocity,it might knock another 20k off. If you put these figures in front of a 17-18 year old kid they might think twice about it. I know I'm not paying for my son to do this, and i'm definitely not co- signing a loan... It should be illegal for someone to spend 250k to make 22k first year and at some regionals not more than 35k as an FO. That was eye opening. $250K??? Put down the weed man. Where did you come up with your numbers? lmao |
Originally Posted by blaine
(Post 1694138)
$250K??? Put down the weed man. Where did you come up with your numbers? lmao
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Originally Posted by blaine
(Post 1694138)
$250K??? Put down the weed man. Where did you come up with your numbers? lmao
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.......
You guys all need to go get a hobby outside of aviation and the internet......good lord.....
I feel bad for your spouses...... I just love going on 4-day trips and talking about contracts and negotiations and commuting and hiring and blah blah blah....... my own fault...... so whens that van time??..... |
Originally Posted by Std Deviation
(Post 1693782)
The FAA mission to concomitantly "promote" and "regulate" aviation are diametrically opposed philosophies.
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Originally Posted by blaine
(Post 1694138)
$250K??? Put down the weed man. Where did you come up with your numbers? lmao
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Originally Posted by CBreezy
(Post 1692946)
I have friends who are in serious debt because of places like Riddle. There is no way those powerhouses are letting their flight programs whither and die. I'd be very surprised if they were denying new loans to them.
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Originally Posted by FlyingKat
(Post 1694297)
Its true. Even the cheapest 4 year aviation degrees are around $150K. The gold plated programs at Riddle and UND can run you as high as $250K. That's why all these numbers are down. You can't get student loans to cover it, plus if you look at an education as a pure investment, the return on other degrees is much higher than aviation. Not very many people are going to borrow this kind of money just to make $20 or $25K right out of school....
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Originally Posted by 900ss
(Post 1694249)
You guys all need to go get a hobby outside of aviation and the internet......good lord.....
I feel bad for your spouses...... I just love going on 4-day trips and talking about contracts and negotiations and commuting and hiring and blah blah blah....... my own fault...... so whens that van time??..... |
It doesn't have to be that way. I spent around $60-70k for my B.S. Flight Operations, CFII-MEI. Thanks to scholarships, part-time jobs in school, etc., I had $25k in student loans upon graduation. Down to $20k now 15 months after graduation. It's not impossible to get a quality aviation degree for less than $100k.
Yes, I know most of my peers in the IT degrees are debt-free and rocking it right now. But they fly a desk. |
Originally Posted by Flightcap
(Post 1694339)
It doesn't have to be that way. I spent around $60-70k for my B.S. Flight Operations, CFII-MEI. Thanks to scholarships, part-time jobs in school, etc., I had $25k in student loans upon graduation. Down to $20k now 15 months after graduation. It's not impossible to get a quality aviation degree for less than $100k.
Yes, I know most of my peers in the IT degrees are debt-free and rocking it right now. But they fly a desk. |
Originally Posted by tom11011
(Post 1694341)
I think the smartest move might be get a degree in something other than aviation as a backup plan.
I got an A.S. Computer Science and A.A.S. Management for less than $15k at the local community college. Used both degrees to help land part-time jobs to pay the way through flight training. Paid massive dividends. |
When I started flying, I spent about $15,000 for my rating at a pt 61 school. My first airline job paid less than $20,000 for the first year. Even at $20,000 training cost that would have been a 1:1 ratio, now it's more in the neighborhood of 5:1. That is to just get a commercial ticket. No wonder no one wants to get into this business.
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Originally Posted by Ray Red
(Post 1694499)
When I started flying, I spent about $15,000 for my rating at a pt 61 school. My first airline job paid less than $20,000 for the first year. Even at $20,000 training cost that would have been a 1:1 ratio, now it's more in the neighborhood of 5:1. That is to just get a commercial ticket. No wonder no one wants to get into this business.
After that, I got a job as line service at the same FBO and paid for all the rest of my ratings by trading line service duties for flying. I think those days are gone forever but back then answering the phones, gasing up airplanes, washing them, etc.. was acceptable work that could be traded for flying hours. Some of the best memories of my life and best friends ever made come from this FBO. The FBO also gave me my first job as flight instructor, and then flying charter in their twin. I went on to get my ATP at this FBO too flying the same twin that did charter and ME training. Had 1700 hours when I got my first 'commuter' airline gig. Was living at home going to college. Pre 9/11 days were so much less complicated. |
Originally Posted by blaine
(Post 1694138)
$250K??? Put down the weed man. Where did you come up with your numbers? lmao
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Flying almost meets the clinical definition of addiction:
- willing to obtain it at all costs, affects life and family, etc. Other than that it defies all logic given return on investment. Trying to thread the needle to get that one dream job. The analogy is professional sports - playing junior A or minor league ball at $12,000 a year for a chance at the majors. When passion flows logic goes out the window. I had a friend that went to chef school. $50,000 in tuition for a job that requires 6 days a week, 12 hours a day, all to start at 35K and maybe top out at 70. On another note-We push college as a society. In reality a lot of people would be better off in trade school. There's a lot of debt ridden people with a Masters working at Starbucks while their high school classmates make $100K a year as a welder or electrician. |
Originally Posted by FlyingKat
(Post 1694297)
Its true. Even the cheapest 4 year aviation degrees are around $150K. The gold plated programs at Riddle and UND can run you as high as $250K. That's why all these numbers are down. You can't get student loans to cover it, plus if you look at an education as a pure investment, the return on other degrees is much higher than aviation. Not very many people are going to borrow this kind of money just to make $20 or $25K right out of school....
That said, even if you're playing with daddy's money its a pathetic "investment" to overpay that much for a degree and some ratings. You can get just as good a degree somewhere else and train at FBO's for dramatically less money. Oh but you might not get to solo in an all glass G1000 plane LOL! :rolleyes: |
Originally Posted by gloopy
(Post 1694634)
If those numbers are anywhere remotely close to being true, its a very good thing you can't get financing for it.
That said, even if you're playing with daddy's money its a pathetic "investment" to overpay that much for a degree and some ratings. You can get just as good a degree somewhere else and train at FBO's for dramatically less money. Oh but you might not get to solo in an all glass G1000 plane LOL! :rolleyes: |
Originally Posted by Std Deviation
(Post 1694629)
On another note-We push college as a society. In reality a lot of people would be better off in trade school. There's a lot of debt ridden people with a Masters working at Starbucks while their high school classmates make $100K a year as a welder or electrician. |
Originally Posted by Std Deviation
(Post 1694641)
Seeing this cost transition even for private pilots. I still do some GA instructing and all my clients are now high net worth individuals that bought a brand new plane outright. When I got my CFI in 1991 all my students were middle class (police officers, school teacher, fireman, chef, a zoo keeper, line worker at Ford). It really is transitioning to the rich.
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Originally Posted by Flightcap
(Post 1694339)
It doesn't have to be that way. I spent around $60-70k for my B.S. Flight Operations, CFII-MEI. Thanks to scholarships, part-time jobs in school, etc., I had $25k in student loans upon graduation. Down to $20k now 15 months after graduation. It's not impossible to get a quality aviation degree for less than $100k.
Yes, I know most of my peers in the IT degrees are debt-free and rocking it right now. But they fly a desk. |
Originally Posted by tom11011
(Post 1694649)
Mike Rowe whole heartedly agrees with your point of view.
What's he doing these days? He looks like the third member of ZZ Top and never went to college. Drives an 18 wheeler a couple days a week in Detroit. Probably the only trucker that can discuss ancient philosophy and quantum physics in the same breath but he's happy as a clam. Meanwhile, I'm giving myself ulcers trying to commute to LGA on first year regional pay. But hey, I've got a degree and the student loans to prove it:cool: |
Originally Posted by Flightcap
(Post 1694343)
This ^^^^^^^
I got an A.S. Computer Science and A.A.S. Management for less than $15k at the local community college. Used both degrees to help land part-time jobs to pay the way through flight training. Paid massive dividends. Same here. I got a BS in Mechanical Engineering from a local state school; and was flight training during summer breaks at a part 61 school and got all of my ratings up to CFI/CFII. |
Gloopy, the numbers are true. Embry Riddle is $43,000 per year, plus $25,000, and $35,000 per year for the first 2 years of flight, with $15,000 for the last year. So plan on a minimum of $247,000 to go there. It's usually more. You would have to be completely insane to go there.
BTW, those are this year's fees, they go up every year. |
Why would anyone pay that much money for a job that pays on avg less then 100k? This career is a joke. Spend your life in some garbage hotel for a subpar wage. Just think, a 1/4 million dollar education gets you a 25k job. Oustside of aviation if you say Embry Riddle they would think you went to a ITT type school.
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Originally Posted by stbloc
(Post 1694823)
Why would anyone pay that much money for a job that pays on avg less then 100k? This career is a joke. Spend your life in some garbage hotel for a subpar wage. Just think, a 1/4 million dollar education gets you a 25k job. Oustside of aviation if you say Embry Riddle they would think you went to a ITT type school.
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Originally Posted by bedrock
(Post 1694888)
WHAT!!?? You mean it's not the "Harvard" of aviation?
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Originally Posted by stbloc
(Post 1694823)
Why would anyone pay that much money for a job that pays on avg less then 100k? This career is a joke. Spend your life in some garbage hotel for a subpar wage. Just think, a 1/4 million dollar education gets you a 25k job. Oustside of aviation if you say Embry Riddle they would think you went to a ITT type school.
Captain seat at Age 45. 20 years in that seat and it will look like a good investment. However, not everyone gets to the top of the pyramid. How big a gambler are you? And if you were really that much of a stud, how come you don't go the military route. Ever heard of AFROTC or NROTC? |
Originally Posted by stbloc
(Post 1694823)
Why would anyone pay that much money for a job that pays on avg less then 100k? This career is a joke. Spend your life in some garbage hotel for a subpar wage. Just think, a 1/4 million dollar education gets you a 25k job. Oustside of aviation if you say Embry Riddle they would think you went to a ITT type school.
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Originally Posted by Std Deviation
(Post 1694641)
Seeing this cost transition even for private pilots. I still do some GA instructing and all my clients are now high net worth individuals that bought a brand new plane outright. When I got my CFI in 1991 all my students were middle class (police officers, school teacher, fireman, chef, a zoo keeper, line worker at Ford). It really is transitioning to the rich.
My point still stands though. There is no way on earth it costs a quarter mil for a bachelor's degree and multi commercial/instrument with a cfi. Not even remotely close. Anyone paying anywhere near that much is in fantasy land and needs to be cut off all forms of government assistance. |
Originally Posted by Packrat
(Post 1694900)
But it also gets you the possibility of that Delta widebody
Captain seat at Age 45. 20 years in that seat and it will look like a good investment. However, not everyone gets to the top of the pyramid. How big a gambler are you? And if you were really that much of a stud, how come you don't go the military route. Ever heard of AFROTC or NROTC? Now does it look like a good investment? |
Originally Posted by FlyingKat
(Post 1694935)
Or you could take that money and spend it on a medical degree or spend half of the money for a top flight MBA program and you'll be making what that widebody captain makes at age 30.
Now does it look like a good investment? |
Originally Posted by FlyingKat
(Post 1694935)
Or you could take that money and spend it on a medical degree or spend half of the money for a top flight MBA program and you'll be making what that widebody captain makes at age 30.
Now does it look like a good investment? |
Originally Posted by CBreezy
(Post 1694943)
You have to first get into a Tier 1 MBA program. A general MBA from a place like State U only gets you more debt. MBA degrees are a dime-a-dozen in the real world. You'd be better off spending it on flight training.
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Originally Posted by Packrat
(Post 1694900)
But it also gets you the possibility of that Delta widebody
Captain seat at Age 45. 20 years in that seat and it will look like a good investment. However, not everyone gets to the top of the pyramid. How big a gambler are you? And if you were really that much of a stud, how come you don't go the military route. Ever heard of AFROTC or NROTC? ROTC is fine. Actually AFROTC worked out great for a couple friends in the 80s when the AF gave out too many full rides. At graduation, they were given the option of NOT going active because there were too many officers already. Or there is the enlisted route. With Tuition Assistance, good planning, and persistence in a six year hitch a guy could get out with a BS for next to nothing...... And after getting out, the GI Bill could cover about half of his flight training at a less expensive 141 school. An 18yo kid could get out at 24 with a degree, Comm ASEL/AMEL, and CFI with zero debt if he saved a few bucks while on duty and had a part time job during flight school. Instruct for a year, fly a Caravan or Navajo for a year, move up to a King Air (preferably with glass), and then a Brasilia. Now he is about 28, zero debt, great experience, and can be pretty picky about where he goes next: corporate, charter, fractional, regional, or (if he really works the job fairs, etc) maybe even mainline. But it takes work, planning, and sacrifice. Or just get a bunch of loans and be in debt forever because it is easier. Disclosure: that enlisted route was almost exactly the one I took. CFIIs were more in demand and I took a signature loan of $2000 (about 20 hours of Instructor pay) to finish up. Loan was paid well before I quit instructing, and I haven't eaten ramen since ;) |
Originally Posted by FlyJSH
(Post 1694956)
I don't buy lotto tickets either.
ROTC is fine. Actually AFROTC worked out great for a couple friends in the 80s when the AF gave out too many full rides. At graduation, they were given the option of NOT going active because there were too many officers already. Or there is the enlisted route. With Tuition Assistance, good planning, and persistence in a six year hitch a guy could get out with a BS for next to nothing...... And after getting out, the GI Bill could cover about half of his flight training at a less expensive 141 school. An 18yo kid could get out at 24 with a degree, Comm ASEL/AMEL, and CFI with zero debt if he saved a few bucks while on duty and had a part time job during flight school. Instruct for a year, fly a Caravan or Navajo for a year, move up to a King Air (preferably with glass), and then a Brasilia. Now he is about 28, zero debt, great experience, and can be pretty picky about where he goes next: corporate, charter, fractional, regional, or (if he really works the job fairs, etc) maybe even mainline. But it takes work, planning, and sacrifice. Or just get a bunch of loans and be in debt forever because it is easier. Disclosure: that enlisted route was almost exactly the one I took. CFIIs were more in demand and I took a signature loan of $2000 (about 20 hours of Instructor pay) to finish up. Loan was paid well before I quit instructing, and I haven't eaten ramen since ;) Personally I spent $30K to get into this profession. If I were looking at this now there is no way I would spend 150K for it. The return just doesn't justify the investment. |
Originally Posted by CBreezy
(Post 1694943)
You have to first get into a Tier 1 MBA program. A general MBA from a place like State U only gets you more debt. MBA degrees are a dime-a-dozen in the real world. You'd be better off spending it on flight training.
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