I haven't read every word in this string, so I may have missed it..... But, I don't know why YIP posted this.
I agree with YIP that one doesn't need a degree to make $100 grand in aviation. But, if one wants to work for an operator that allows more than a thirty minute showtime and has work rules other than "the maximun extent of the FAR's"; then one probably should get a degree.
One certainly doesn't need a degree to get a decent job, but one does need luck.
However, if you don't have luck on your side, a degree helps even your odds when pursuing a career, and most importantly, a life.
Using myself as an example, I interviewed with SWA in 1998. I made it all the way to the hiring board, but didn't get past that committee. I had no bachelors degree. I was one of a very few who received a post interview interview, and during the telephone conversation with Ms Scaggs, I was specifically told that I needed a degree to succeed. Had I have had the degree in 1998, I'm relatively certain that I would be in SWA upgrade now, instead of sitting reserve for Spirit. As it stands, I can make $100K at NK by picking up a little OT, but I have to work 21 days a month and sit reserve 18 of those days. Spirit has devolved from a flying club, into a sweatshop in the last three years and even though I enjoy my job, I would rather be at SWA.
Now, I have a degree. (ERAU Professional Aeronautics), but the timing stinks. Yes, I now have a degree, but my dream employer (I never even took the FE writtens), SWA, is no longer the "easy" interview. Now, since they are one of only a few quality airlines hiring, they have gone to the top of everyones list, and the competition for their jobs has gone up exponentially. The point being, had I had the degree to begin with, I would be at SWA now instead of trying to gain an interview in competition with 5 thousand United/USAirways/American/etc, furlougees and shipjumpers.
The silver lining to the cloud, (and supporting evidence for YIPs point) is that I do have a job Captaining a narrowbody with the potential for $120K a year (that I gained by having a significant amount of Learjet PIC). If I wanted to live in south Florida, life would be good.
No, a degree is not necessary, but your overall life will be better with the education. If someone doesn't have the time and money to fly and go to college, I suggest that you train now, get a flying job and get a distance learning degree. Hundreds of legitimate independent study programs exist (search this forum for strings that discussed the issue), that are doable and affordable. I used ERAU, but would not do it again. I started at ERAU before the boom in programs and was too far along to start over when others became readily available. Back to the plan, train, get a flying job, build experience, go to college on the side. By the time the next hiring boom happens, you should be able to have a degree and a few thousand hours PIC. That way, you have both experience and education.
Good Luck,
enigma