Seems like many folks here suggest having the 3M Unlimited from an academy is the way to go… I have been considering it, especially GLMA 3 year (already have a degree) but it is so damn expensive. I work as a “combi” on a factory trawler so as yet, am not eligible for qualifying sea time until someone else drops dead and I can be a “deckhand”.
So the catch is this: To finance going to an academy, it makes sense (I think) to keep fishing and save for a couple of years. But then, should said promotion and seatime become available, then doesn’t it make sense to just get the 1080 days AB Unlimited and then take classes/MITAGS/higher tonnage time and then voila, you are already a hawespiper!
In the end, it seems like after 5 years or so, one could have the 3M Unlimited and have a nice nest egg…what am I missing in terms of the advantages of the academy? Why do many on here still suggest financing $75k in education instead of working and saving?