Airline, Commercial, Professional Pilot and Flight Crew Degree from University of Louisiana at Monroe Return on Investment

See what the return on investment is for jobs that someone with a Airline, Commercial, Professional Pilot and Flight Crew degree from University of Louisiana at Monroe is likely to work in.

F D C B A
Approximate Total Payment $82,252
Approximate Total Interest $23,280
Monthly Payment $571.19
Assumed Loan Type Direct Subsidized
Assumed Repayment Plan Standard Fixed
Assumed Payoff Years 12
Assumed Scholarship Amount $0
Assumed Down Payment $0

Top job projections for graduates in airline, commercial, professional pilot and flight crew from university of louisiana at monroe

Commercial pilots

Projection Rating: A-

Median Annual Wage: $113,080

Percentage of Paycheck to Repay: 6.06%-4.51%

Employment Change: 3.2%

Entry-Level Education: Postsecondary nondegree award

Airline pilots, copilots, and flight engineers

Projection Rating: A

Median Annual Wage: $219,140

Percentage of Paycheck to Repay: 3.13%-2.33%

Employment Change: 4.8%

Entry-Level Education: Bachelor's degree

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When considering a degree in Airline, Commercial, Professional Pilot, and Flight Crew from the University of Louisiana at Monroe (ULM), understanding the Return on Investment (ROI) is crucial. This program is designed to equip students with the skills and knowledge necessary to excel in the aviation industry, which has seen significant growth and demand for qualified professionals.

The ROI of pursuing a degree in aviation can be evaluated through various factors, including starting salaries, job placement rates, and the potential for career advancement. Graduates from ULM’s program often find themselves in high-demand positions, with many securing employment shortly after graduation. According to industry reports, the average starting salary for a commercial pilot can exceed $70,000, which is a substantial return on the initial investment of tuition and related expenses.

Moreover, ULM's program boasts strong connections with major airlines and aviation companies, providing students with valuable networking opportunities and internships that further enhance job prospects upon graduation. This hands-on experience is invaluable, as it not only enriches the learning experience but also significantly boosts employability in a competitive job market.

Another aspect to consider is the long-term career potential in the aviation field. With the continuous expansion of the airline industry, job openings for pilots and flight crew are projected to grow significantly in the coming years. This growth indicates that graduates will not only start with competitive salaries but also have the opportunity for salary increases and promotions over time, further improving their ROI.

In addition to financial considerations, pursuing a degree in aviation from ULM offers personal fulfillment and the chance to be part of an exciting and dynamic industry. The thrill of flying, combined with the satisfaction of a rewarding career, makes this degree a worthwhile investment.

In conclusion, the Airline, Commercial, Professional Pilot, and Flight Crew degree from the University of Louisiana at Monroe presents a significant Return on Investment through high starting salaries, excellent job placement rates, and robust career growth potential. For aspiring aviation professionals, this program is not just an educational journey, but a pathway to a successful and fulfilling career in the skies.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.

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