PPRuNe Forums - View Single Post - Expenses after License (ATPL)
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Old 30th Sep 2020, 23:09
  #19 (permalink)  
PilotLZ
 
Join Date: Aug 2016
Location: Europe
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You'd better make sure that you've taken out a seriously good training costs insurance if you insist on going integrated regardless all evidence suggesting against it. Why? Well, that's another unpopular point to consider:

No flight school is completely financially secure, no matter what the salesman tells you. You, as a student, will never, ever know their true financial status. And, given the unfortunate circumstances surrounding COVID, I would not be surprised to see one or multiple integrated training providers fail.

What could that mean to you if, Heaven forbid, it happens while you're in training? You've paid a six-digit sum upfront - and now you have no chance to get its worth in terms of training. To make matters worse, you don't technically hold any qualification until the last day. So, you have to go for a jolly to the CAA, praying that they recognise as much of what you've already done as possible. This is not a quick and easy process. And then, if and when you're lucky enough, you'll have to fork out another big chunk of cash to a modular school to finish off and get a licence.

You think it cannot get any worse? Sure it can. I know a couple of guys from EASA member states who were caught up in such a situation. Guess what? Their competent authorities didn't recognise any of the training they had done on the integrated course, sending them right back to square one, with no money and no qualification. Can you imagine what's it like to pay for an integrated course and end up with no money and no licence, not even a PPL? And it gets especially awkward if you did it on borrowed money and you have no solid source of income yourself. That's how lives of entire families get ruined.

Hence - make sure that your training insurance covers comprehensively a loss of training as a result of failure of the training provider. Best of all, get a lawyer to read through the policy and give you a professional opinion on whether it would be possible to recover your money in this scenario. It sounds hypothetical and remotely likely - but only until it gets real. And people have already burned themselves badly on that, as I previously mentioned. So, do everything within your remit in order not to become the next one.
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