PPRuNe Forums - View Single Post - The never-ending 'Modular vs. Integrated' debate - merged ad nauseam
Old 8th Oct 2005, 16:22
  #28 (permalink)  
mad_jock
 
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The problem with that is, HSBC withdrew their professional studies loan. Short of a miracle, how is someone supposed to get the money for that now?
Have you thought why HSBC have finished with doing those loans?

It because its bad business. The jobs arn't out there or if they are they are not paying enough to service a 60k loan. Turbo prop starting salary is somewhere between 17k-23K so call it 20k. Thats 3 times the loan amount. You could just get a morgage on a secured property for that amount on that salary. All it takes is for a few people to go bankrupt and any profit they have been making out of the scheme has gone.

Flaps to 60 I wouldn't mind knowing which airlines told you intergrated. Because recently all the airlines currently taking low hour pilots have taken both Modular and Intergrated graduates. So what HR are telling people and what the Chief Pilots are hiring seems to be at a difference.
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