PPRuNe Forums - View Single Post - The Personal Development Loan scheme closes Jan 2019, is it worth getting?
Old 27th September 2018 | 01:04
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gulliBell
 
Joined: May 2002
Posts: 2,697
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From: Wanaka, NZ
And on what basis might you be eligible for the loan?

https://www.gov.uk/career-development-loans/eligibility

This is a bank loan. You need to start paying the money back one month after finishing the course. Obviously you'll need a non-flying job now with an income sufficient to pay back the loan. I would expect to be eligible there would need to be a connection between the training and your professional development that earns you income. I don't see how training for a PPL-H would qualify any professional development test.

You shouldn't be taking out any loan for pilot training on the assumption you will get a job as a pilot. If you have a good paying job doing something else, and you can afford to pay back a loan, then sure. But before you do take out a loan you need to accept that you might blow the lot and never recoup that investment (which applies either way, however you might finance your training, via a loan or savings or rich distant relative or whatever).

Last edited by gulliBell; 27th September 2018 at 01:17.
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