Loan from the government! Wrong. It is the government giving out a load using Taxpayer money. MY money!
Flight schools are money hungry and that spin about get a flying job straight after getting the CPL and then pay back the loan is absolute BS!
Try and get a car loan or a house loan and see what happens.
'So son you have a loan of $150K hanging over your head?' 'Next please and close the door on your way out'.
I am of the view that we have too many CPLs being trained each year compared to the number of flying jobs available. But those who do not get a job and or took up a VET FEE loan still have to repay my taxpayer money. Those that get a job will typically will not be pulling $150K in the first or second oi third year of being a paid CPL. And they still have to get that payback mill stone from around their neck as their years slip by.
R