• The KillerFrogs

Tuition up to $61,000!!!

NewFrogFan

Full Member
College makes no sense for the vast majority of the population. $61k is absurd and if you’re taking out loans to do it, sets you back years. I’ll continue to say that both my daughters will be welders or go open an HVAC company or something like that.
Programs like the KCAL in KISD should be mandatory in every school district!
 

NewFrogFan

Full Member
The airlines have pretty much abandoned the requirement for a college degree for pilots. The recent contracts settlements and those to come have insane pay charts even those at commuter airlines. AA recently reached out to UPS and FedEX as they are/may have more pilots than current business requires. Direct hire into PSA CA seat, w current YOS pay scale, 250k signing bonus, 175k in first year, balance in 2nd, and a # to flow to AA. At the higher end of the payscale at AA, a wide body CAPT on reserve could make over 30k in a month and never turn a wheel, then add in 18% of gross into 401k, and they pay after tax after reaching fed limits.

Dont even talk about what happens when they start paying premium rates for overtime flying.
 

Cfrog1985

Ticket Exchange Pass
The airlines have pretty much abandoned the requirement for a college degree for pilots. The recent contracts settlements and those to come have insane pay charts even those at commuter airlines. AA recently reached out to UPS and FedEX as they are/may have more pilots than current business requires. Direct hire into PSA CA seat, w current YOS pay scale, 250k signing bonus, 175k in first year, balance in 2nd, and a # to flow to AA. At the higher end of the payscale at AA, a wide body CAPT on reserve could make over 30k in a month and never turn a wheel, then add in 18% of gross into 401k, and they pay after tax after reaching fed limits.

Dont even talk about what happens when they start paying premium rates for overtime flying.

What are you thoughts on people staying first officer with better control of their schedule/route?

My daughter for the past 7 years has been laser focused on wanting to be a pilot but not a captain. She researched most of it herself. Can't exactly say it's a bad plan.
 

NewFrogFan

Full Member
What are you thoughts on people staying first officer with better control of their schedule/route?

My daughter for the past 7 years has been laser focused on wanting to be a pilot but not a captain. She researched most of it herself. Can't exactly say it's a bad plan.
That thought process has been used for years. That plan many times is forced by bad timing. I flew w many 20 plus year FO’s that had no choice. Right now there are 2 year CAPT at AA! When I upgraded to MD11 in DFW years ago, there were only 54 FO slots at a base w 3000 pilots. There were only 4, 3 stripe FO’s out of that total, 1 was me. All the others were CA “bid backs”. The 777 came on board and my sweet 1 leg Tokyo, 1 leg home went away to a bid sheet that only had GRU, Sao Paulo, a giant [ Finebaum ] hole that has only gotten to be a larger [ Finebaum ] hole! Took me 12 years to get to that status.
I could not hold 777 FO so I upgraded to CA on F100 and I loved that little jet. Then 9/11 happens and AA was hiring right up to the day they furloughed thousands, some of which did not come back for 13 years. These periods are when the no college degree types really get slammed vs especially a pilot in Reserves/National Guard who has endless opportunities doing many things in military.

One thing I’m sure your daughter will not know is how much the money has changed for small jet CAPT. Envoy has Check Pilots making north of 4-500k in those positions. The upgrades are fast to CA but the flow to major airlines is slow and can stop any day. A furloughed CAPT has far more opportunities assuming there are some vs an FO. I flew CAPT over 20 years of my 34, to this day some of the complete penisheads I had to fly with as an FO made upgrading a no brainer. Timing is EVERYTHING in this career.
My daughter is a retired B52H USAFR pilot if you have not read previous posts about her.

I have mentored many in the past, these days the best path is a little different but in many ways the same, fly, fly, fly. PM me for more soecific.
 
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NewFrogFan

Full Member
Republican Congress.
Democracks can step up and empty their bank accounts to support the programs they want. Support for invasions, college loan repayment, free Community College should be a tax form entry every year. Minimum 5 digit left of decimal point for those willing to admit they are libtards! Fair?
 
At some point down the road, the tax policy may not be so favorable to to expensive private universities like TCU and Ivy League schools. I can see a day when contributions will not be tax except and endowments will be taxed. It is really hard to call a private educational institution that charge a ridiculously high tuition with an endowment in the billions to be treated as a nonprofit.
 

froginaustin

Active Member
For what it’s worth,
In-laws are sending a daughter to St Edwards, where the window sticker was 65k this academic year. Or so they say.

In-laws have 2 professional level incomes, but bargained for a small tuition discount. Kid had good high school grades. Again, that’s what they tell me. They’re probably not exaggerating too much and they may be not exaggerating at all.

If TCU is cheaper than St Ed’s (not a bad school, but anyway), I am not surprised TCU is upping it’s ask.
 

Cfrog1985

Ticket Exchange Pass
That thought process has been used for years. That plan many times is forced by bad timing. I flew w many 20 plus year FO’s that had no choice. Right now there are 2 year CAPT at AA! When I upgraded to MD11 in DFW years ago, there were only 54 FO slots at a base w 3000 pilots. There were only 4, 3 stripe FO’s out of that total, 1 was me. All the others were CA “bid backs”. The 777 came on board and my sweet 1 leg Tokyo, 1 leg home went away to a bid sheet that only had GRU, Sao Paulo, a giant [ Finebaum ] hole that has only gotten to be a larger [ Finebaum ] hole! Took me 12 years to get to that status.
I could not hold 777 FO so I upgraded to CA on F100 and I loved that little jet. Then 9/11 happens and AA was hiring right up to the day they furloughed thousands, some of which did not come back for 13 years. These periods are when the no college degree types really get slammed vs especially a pilot in Reserves/National Guard who has endless opportunities doing many things in military.

One thing I’m sure your daughter will not know is how much the money has changed for small jet CAPT. Envoy has Check Pilots making north of 4-500k in those positions. The upgrades are fast to CA but the flow to major airlines is slow and can stop any day. A furloughed CAPT has far more opportunities assuming there are some vs an FO. I flew CAPT over 20 years of my 34, to this day some of the complete penisheads I had to fly with as an FO made upgrading a no brainer. Timing is EVERYTHING in this career.
My daughter is a retired B52H USAFR pilot if you have not read previous posts about her.

I have mentored many in the past, these days the best path is a little different but in many ways the same, fly, fly, fly. PM me for more soecific.

Thanks I will do that. My daughter is eager but a bit ahead of schedule. She's got 8 years till end of highschool. She likes to plan far out and is insanely smart. Frankly bit out of depth on her, I was never that smart, just smart enough if you will.
 

NewFrogFan

Full Member
For what it’s worth,
In-laws are sending a daughter to St Edwards, where the window sticker was 65k this academic year. Or so they say.

In-laws have 2 professional level incomes, but bargained for a small tuition discount. Kid had good high school grades. Again, that’s what they tell me. They’re probably not exaggerating too much and they may be not exaggerating at all.

If TCU is cheaper than St Ed’s (not a bad school, but anyway), I am not surprised TCU is upping it’s ask.
I think the schools gouging these kids/parents should have some skin in the game on what happens after school, ie, student unable to get a job in the career field they earned degree, refunds start happening. If it keeps happening, [ Finebaum ] can what was probably a WORTHLESS degree and program to start with!
 

Cfrog1985

Ticket Exchange Pass
I think the schools gouging these kids/parents should have some skin in the game on what happens after school, ie, student unable to get a job in the career field they earned degree, refunds start happening. If it keeps happening, sheatcan what was probably a WORTHLESS degree and program to start with!

Many schools are in serious trouble with the enrollment cliff coming. They are expecting the government to bail them out and I hope they don't. Small private schools will get eaten alive.

TCU sky rocketing tuition when a recession is coming isn't exactly a genius move. If they increase tuition at 5% and room in board (which has gone up faster than tuition) we are looking at 500k for 4 years in 2034. No exaggeration at all. 100k tuition and 25k room and board in 2024. Really would be higher than 500k.
 

BrewingFrog

Was I supposed to type something here?
Mostly Lamborghinis

1966_lamborghini_tractor_1r_155055072598764datrattore_lamborghini-0007-modifica_griglia-corretta_31495510307_o.jpg
"Strong! Like Bull!"
 

Sangria Wine

Active Member
Put that much money into an investment account for the kid and when they turn 59 1/2 they would have close to $15MM. No chance that $61k/year tuition plus room/board/etc X 4 years will ever make economic sense. Total insanity…

Listened to a podcast with John Goff on it and he made the comment that he one time put a pencil to it and determined he had about $1,000 invested in total in his education (public school then accounting degree from University of Texas). It’s unreal what free federal guaranteed student loan money has done to push the costs of higher education to over the last few decades…
 

Cfrog1985

Ticket Exchange Pass
Put that much money into an investment account for the kid and when they turn 59 1/2 they would have close to $15MM. No chance that $61k/year tuition plus room/board/etc X 4 years will ever make economic sense. Total insanity…

Listened to a podcast with John Goff on it and he made the comment that he one time put a pencil to it and determined he had about $1,000 invested in total in his education (public school then accounting degree from University of Texas). It’s unreal what free federal guaranteed student loan money has done to push the costs of higher education to over the last few decades…

Washington resident here. Much easier value proposition for UW (one of the best values in the country). 4 years of paid tuition by the time she’s 13 with guaranteed tuition plan.

Then shift monthly’s to the other 529 to get enough for 4 years of room and board.
 

lonestarfrog89

Active Member
Not sure I agree on vast majority (That indicates 95% which is not correct, it's not even 80%). I work in an industry (wealth management) where over 90% of all employees have college degrees. 4 of the last 20 I hired did not have a degree, 1 made but she was unique in that she had 7 years of role specific experience. In my eyes that's worth far more than a masters in predicting a successful outcome. I even got push back on hiring her, and she's probably the best newhire in the past 2 years.

The US puts way too much emphasis on college and should put way more resources into apprenticeships. HVAC, Welder, Electrician, Elevator Mechanic/Installer, Aircraft mechanics, Boilermaker. It would nice if in highschool similar to Germany, you set kids on a path. Choice is needed but commitment is important too. Speciality training schools if a kid commits at 18 often are far more effective than traditional college.

My goal is to pay for whatever training or 4 year education my kid wants and go into with a plan. So total cost of TCU will now be 300K+. In 10 years it will be at least 400k with every low increases, likely higher.
I was speaking in a bit of hyperbole. For most folks spending $60k plus whatever room and board is, you’re going to graduate from TCU etc with $350k+ in debt with some huge interest rate. Good luck getting out of that hole unless you go into investment banking or something along those lines. I mean, I graduated with zero debt (incredibly lucky) and applied for a credit card after college and my monthly credit limit was $750, which is hilarious.

College certainly doesn’t set apart talent, so I agree with your comments around that for sure.
 
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