half full
6th Nov 2004, 20:08
Ok,
looking at the offerings on the table at the show today, something has occured to me and I want to check whether I'm missing something.
In talking to the schools that offer an integrated 'product' it's clear that they all have a similar teaching schedule, and a similar payment schedule. Generalising wildly, each of them puts its students through groundschool early in the programme, if not at the outset. Each of them also has a hefty booking fee, followed by a series of staged payments of not insignificant amounts of money.
By about week 25 (ish) a student can expect to have paid the majority of the cost of their training - say £35,000 - and have received training that is commercially available for less than 5K residentially.
Now, I understand that these are profit-making companies but I feel this is a bit cheeky and, as someone who runs a tight margin business, would have concerns that the students are carrying significant risk in this transaction.
So what am I missing?
cheers,
HF.
looking at the offerings on the table at the show today, something has occured to me and I want to check whether I'm missing something.
In talking to the schools that offer an integrated 'product' it's clear that they all have a similar teaching schedule, and a similar payment schedule. Generalising wildly, each of them puts its students through groundschool early in the programme, if not at the outset. Each of them also has a hefty booking fee, followed by a series of staged payments of not insignificant amounts of money.
By about week 25 (ish) a student can expect to have paid the majority of the cost of their training - say £35,000 - and have received training that is commercially available for less than 5K residentially.
Now, I understand that these are profit-making companies but I feel this is a bit cheeky and, as someone who runs a tight margin business, would have concerns that the students are carrying significant risk in this transaction.
So what am I missing?
cheers,
HF.