CTI/Aviation Degree Warning

AFSS5602

Junior Member
Feb 19, 2009
128
1
18
I want to issue a warning that I wish someone would have given me before I went off to college. UND and Embry Riddle are very good university's. You will receive a top notch aviation education. However the 100k-200k student loan debt WILL leave you with a severe and debilitating handicap once you go out into the real world. Around 10k-12k of your after tax income every year will go toward paying off your loans for 30 years of your life. Add rent/mortgage, utilities, car payments, food, gas, cloths etc... and soon you may find that those large loan payments are putting you way under water. You will be struggling while people who went to the military and other less known smaller colleges will be sitting beside you making the same money with almost/ or possibly NO DEBT.

For many the debt from UND and Riddle has meant the inability to own a home for a very long time. It also has made saving any money for retirement or a home very difficult if not near impossible.

Once again, they are very good schools. The problem is that the salaries out there just don't pay well enough on average to cover your loan expenses and life expenses.
 

irishcarbomb

Epic Member
Dec 3, 2008
1,801
6
38
Houston, TX
amen...i'm in that boat now...got the lenders breathing down my neck

to add to that, something that i wish someone would've told me...

if you are planning on getting an aviation degree, don't. get a degree that will be worth something as a backup should aviation take a dump (like it has). if you want to be a pilot, then get your ratings at a small fbo, it will save you a ton of money
 

irishcarbomb

Epic Member
Dec 3, 2008
1,801
6
38
Houston, TX
Omg i had no clue that these schools was that expensive..damn
when i left riddle a year ago, it was a hair over 1000 per credit hour. 120 credits for a BS degree + sga fees + technology fees + books...its ridiculous BUT it is a great school and i don't truly regret going there.
 

DeltaNui

Rookie
Feb 6, 2009
35
0
6
Grand Forks, ND
www.undsatca.org
Considering most students don't pay full out of state tuition at UND, and the fact that you can get residency rates after one year at school, I'd say UND is one of the most affordable schools in the country. As a Washington resident, tuition did not cost me any more than attending a school in state. Unless you're getting a Commercial Aviation degree, there is no reason you should graduate six figures in debt from UND.
 

JosueZQ8

Senior Analyst
Feb 18, 2009
836
3
18
Amherst, OH
Wow......I couldn't imagine being in that boat!

Makes my $11,000 worth of debt for CCBC seem like a kick in the bucket! Of course, there are other expenses I paid for already....gen ed night classes at the college back home, private pilot's cert., living expenses out here, etc. So the total after it's all said and done will probably be around $25K.
 

rogersjf

Trusted Contributor
Mar 11, 2009
656
9
18
New Jersey
Take it for what is worth, if you cannot afford college and have to take out loans you will have debt no matter what school you go to and will have to pay it back. School costs are getting absurd and it has become a factor for people while selecting which can only lead to you not perusing your dreams and what you want to do. Its just another speed bump in the trip called life, at least were not medical students theirs are much worse.
 

The Heatles

Loving Life
Jun 15, 2008
2,172
24
38
Miami, FL
Join the military... I got paid to learn and work ATC, now the FAA is paying me 20K extra to work for them. Can't beat it.
 

Irish

Rookie
May 8, 2009
58
0
6
Ohio
I agree with Polo. I gained great on the job experience in the Air Force and they paid for my B.S. degree.
 

zoz02

Trusted Member
Dec 2, 2008
412
2
18
KSGJ
go in the military, get trained as an ATC *navy in my case. Buy a house during the next housing boom. Then get your bachelors while your in. Then get out and work on your masters, which they pay me around 1000 a month after tuition to do, then claim unemployement for 18 months in the next recession. Then get picked up FAA.

Or

go to a CTI school, attain 60-150000 in debt. Then go bankrupt, then don't get hired by the FAA because they won't give you a security clearance.
 

TOWER_BOY1

Senior Member
Jun 10, 2009
213
0
16
brooklyn NY
IT BEGS THE QUESTION DOES A MORE EXPENSIVE SCHOOL OR A WELL KNOWN SCHOOL (the both always seem to correlate) GUARANTEE BETTER JOBS OR INCREASES THE ODDS SIGNIFICANTLY TO GET A JOB AFTER GRADUATING?

I THINK ITS BETTER TO FIND A NOT SO KNOWN SCHOOL THAT IS MODERATELY PRICED AND SAVE YOUR SELF THE HEADACHE OF HAVING TO PAY THROUGH YOUR ASS FOR THE NEXT 30YEARS...BECAUSE THESE TUITIONS IS INSANE
 

ATCtower

Epic Member
Oct 26, 2008
1,257
26
48
I went to Metro State here in Colorado, and did the CTI program at Miami Dade Community College.

They still selected me after going to one of the cheapest CTI schools in the US. (Well, I guess technically it is in the US)

I dont think too many people can make the argument that either school is particularly prestigious.
 

AFSS5602

Junior Member
Feb 19, 2009
128
1
18
I work flight service with people who went to the military, expensive CTI schools, and cheap CTI schools. We all got the same job and all make 85k at my facility. Guess who owns a home. Guess who struggles to rent an apartment. In the end, the expensive CTI school did not give any advantage, only the handicap of excessive debt and a much harder life.
 

ColtsATC

Trusted Contributor
Aug 27, 2008
590
14
18
Ya I don't have any student loans, but good god does my wife. She has around $90k in student loans because she wanted the "private college education." She now regrets that decision because even when i'm fully rated, we will still be paying those damn things off for about 10 years. I've already said no house until the balances are under $10k
 

spades

What's happening?
Apr 20, 2009
794
10
18
Considering most students don't pay full out of state tuition at UND, and the fact that you can get residency rates after one year at school
This will vary by school/state. Georgia will not allow you to establish residency while you are enrolled - at least that is the way it was when I was an undergrad and that rule applied to all University System of Georgia institutions. I'm pretty sure Tennessee works like that as well. I don't pay much attention to my wife's student status because she's in a Ph.D. program so tuition is waived but I'm pretty sure she is still classified as out-of-state every year even though we have been in Tennessee for three years.
 

DeltaNui

Rookie
Feb 6, 2009
35
0
6
Grand Forks, ND
www.undsatca.org
zoz02 said:
go in the military, get trained as an ATC *navy in my case. Buy a house during the next housing boom. Then get your bachelors while your in. Then get out and work on your masters, which they pay me around 1000 a month after tuition to do, then claim unemployement for 18 months in the next recession. Then get picked up FAA.

Or

go to a CTI school, attain 60-150000 in debt. Then go bankrupt, then don't get hired by the FAA because they won't give you a security clearance.
Yes, these are the only two possible scenarios.

This will vary by school/state. Georgia will not allow you to establish residency while you are enrolled - at least that is the way it was when I was an undergrad and that rule applied to all University System of Georgia institutions. I'm pretty sure Tennessee works like that as well. I don't pay much attention to my wife's student status because she's in a Ph.D. program so tuition is waived but I'm pretty sure she is still classified as out-of-state every year even though we have been in Tennessee for three years.
That's why I was referring specifically to UND. For whatever reason, the OP mentioned Embry-Riddle and UND, when one is a relatively expensive private school and the other is a relatively cheap public institution.

My point is if you're graduating six figures in debt from UND with an ATC degree, you should probably cut back on poker playing.