jynxyjoe
Queso King
Just in case you didn't see that Mike.
the third problem
- Thread starter intern_mike
- Start date
Just in case you didn't see that Mike.
intern_mike
E-175 f/o
I haven't heard of any of our (our meaning University) students getting denied financial aid. And this is coming from a Part 61 flight school who contracts with the University. Pretty good year in numbers of incoming freshman as well. Everyone is staying pretty busy.[/QUOTE said:
Inverted25
Well-Known Member
its not that hard to get a non aviation degree and fly at a fbo without taking out a loan. I paid mine all in cash which is great bc I have zero debt and aren't limited by my loan payment in what I can do in life. It will just make people getting into it think long and hard and maybe more will take the right route and do the FBO thing while working and going to college. Not saying its right for everyone but for kids graduating high school and looking to go to college financially it makes alot more sense.
intern_mike
E-175 f/o
You really expect people to go to college, work, and pursue their ratings?? Hats off to you for accomplishing this feat and having the funds to do it, but let's get real.
Inverted25
Well-Known Member
Why not? Go to local community college and do their partnership and get a degree you can fall back on. I took no less than 16 credit hours a semester and still only had to go to school 3 days a week. I did quite a few classes online because it allows you great flexibility. I worked 30-40 hours a week which wasn't bad. And I flew one or two days a week during the school year. Summer time I would fly 5 or 6 days a week because I didn't have classes to go to and I work early mornings. There's nothing to get real about. Its a very realistic way to get your ratings and not go up to your eye balls in debt. I now am the boss at where I worked at in college and still fly and I am working on my MBA. All you need to do is be able to be effective at time management.
jdlilfan
Well-Known Member
I got a four year degree in four years, all my ratings, and worked 2 jobs to help pay for everything along with rent, food, bills, etc..
It can be done.
As for us being busy, I am not sure on our admin degrees. I know enrollment is up this year but not by much. Maybe 9,000 students for the total university? Our enrollment for flight was 46-50 students this year. Most of the flight students double major in something else since the gen-ed requirements are already met.
bdhill1979
Gone West
What should that be telling you?
THE BANKS think it is a BAD bet. Don't think for one second that the banks don't have people on the payroll with degrees I haven't even heard of studying and analyzing all the data about this profession, as well as the future demand for pilots. I would be willing to say they have much better access to information than you or I do.
What reasons perhaps would they think financing training for this profession to be too great a risk?
A. The pilot does not even complete training
B. The pilot does not even get a job
C. The pilot gets a job, but the pay is less than he could make at Home Depot
D. The pilot gets a job, but then gets furloughed
Many of the loans that have been issued previously were completely unsecured, meaning that if the loan defaults, the bank does not get paid. They can try through the legal process to recover something, but if there is nothing to take from the pilot, what good does that do them? They get a garnishment on his wages for a fraction of what they paid out most likely; and getting that takes a long court process and the cost of having lawyers do their dirty work.
You say that like its hard, almost impossible.
Since I started flight training and working as a pilot I have completed one Bachelors degree, almost completed a second Bachelors Degree, had two kids, worked at minimum two jobs, and still get some free time on a regular basis. Once I finish this second Bachelors I will be starting a Masters Degree. I have kept my debt to a minimum, I have more debt for my degrees than I do for flight training, and its only as high as it is because I changed majors a few times.
My point is that while it is certainly a challenge, it really is not that hard. Particularly considering the job you are training for won't be any easier than going to college and training at the same time.
poser765
Well-Known Member
Hmm, pay me a good livable salary and I would be happy with 20 hours a month. Work smarter not harder...
intern_mike
E-175 f/o
To clarify, I'm talking about the average student at a university with a full course load and a part time job. I know that I didn't have the scratch for flight training when I was in school. I had enough for gas, food, and maybe some cheap beer.
poser765
Well-Known Member
With approriate motivation the average college student can become the over achieving student.
Giggity
Well-Known Member
1. I think you may have me confused with somebody else, I never complain about a "lack of corporate gigs"......because I have one, as I wrote already. Now if it is Kelly you know, its not me that bitches, its him; that kid bitches and moans all day long, tell him I am going give him the option of either: a swift kick in the nuts, or compare my paystub to his. I think he would pick the kick as less painful.
2.The best argument you have is to call my state of residence crappy? Classy
3. Biased on negative hype? What hype? What negativity? I am posting data, real numbers showing that nobody should get themselves into an insurmountable debt load to try to shortcut their way into this career. Hiring will happen, but not in any kind of hurry. I am not telling people to stay away from this career, but to be realistic. To say what Public Enemy so eloquently did years ago:
1. I went to school with kelly, but I havent talked to him in ages. "heard hes furloughed" So your only option is to kick him in the nutts.
2. When I said lack of Utah corp gigs I wasnt talking about flying cesna 206/210's. Planes over the 10k pound mark
I was only saying people from that state seem to bitch about lack of jobs and complain how there is never going to be a hiring boom "Lived there for 3 years". Most sit around and want to be lifers at Skywest or want a career in flight instruction.The hiring boom the last couple of years must of been part of my imagination. My friends made it to the majors with as low as 3k hours. A couple of them got a good gig flying G5s, Falcons, & lears making very good money. Mabey half your list of the >exact< number of employable commerical pilots are just bad at interviews?? or have no concept in networking?? or just mabey the list isnt a acurate list of competitive employable pilots??? 3. The regionals have all shot up their requirements because now there are more pilots then jobs. They only lower them when they are desperate to find pilots. There is no point in arguing about this because we both wont back down.