Hmm. I’ve got an £80k mortgage from First Direct, and I have to pay £600 PER MONTH over 20 years. But at least I’ll have a house at the end of it.
Call me chicken, but the thought of owing £50k without any guarantees of a job would scare the hell out of me – I’d have trouble sleeping at night.
As you correctly point out, you won’t have any money to live – and that assumes you find a decent job straight away. Assuming the worst, and you’re unemployed for a while, what’s the plan ‘B’?
Why not consider modular training, then at least you can do it bit by bit as money allows. You’ll also have the flexibility to match your training schedule to job market conditions, and although you still have debts when you qualify, they won’t be anything like that much.
Scary stuff.