its called risk offset the school is covering the banks risk so they can actually stay running.
If there wasn't risk offset the option of Intergrated would disappear very quickly.
Each school must have about 15 students every 3 months willing to garantee through a loan or cash 60k. Which works about 3.6 million cash flow per school per year.
The applitude test is a laugh and a half as anyone who has been to it knows. Does anyone actually know anyone who has failed who has passed the credit check?
So the only reason you are getting a loan is because the school HAS to get one or they will go bust. They share the risk with the bank of you going bankrupt.
For interests sake my airline prefers Integrated but that doesnt explain why my course were all modular!
Well that about sums up all the bloody crap out there with the HR departments. ITS ALL BOLLOCKS SAVE YOUR 30K if all the wannbies out there did modualar for 6 months there wouldn't be an option. OAT, CABAIR, and BAe would be all gone.