PPRuNe Forums - View Single Post - Oxford APP Training Loan
View Single Post
Old 18th Aug 2004, 18:48
  #10 (permalink)  
touch&go
 
Join Date: Aug 2000
Location: Lost in Space
Posts: 325
Likes: 0
Received 0 Likes on 0 Posts
EGAC_Ramper there is nothing offensive with ‘reality check’s post he has given some good advice about the amount of debt people are taking on before starting a course, maybe you should have a search on these pages for a post about people going bankrupt after finishing an airline course because they couldn’t finding the well paid dream job and the only work they could find was low paid none aviation job.

At this moment in time I think it’s reckless to undertake a loan of 70k plus secured on your family home, with some say up to 1500 low hour pilots chasing the same jobs, now if you had earned and saved most of the course money before starting a course and you only had a smallish loan then it would be a fair gamble but to face £700 per month loan payments after finishing a course could well destroy your life.

Good luck, you’ll need it on these terms.
touch&go is offline