Why is everyone gone so mental on this thread.
If a payment is missed, THE WHOLE HOUSE DOES NOT GET TAKEN AWAY FROM THE PARENTS!!!! If things don't quite go according to plan, you get a job, go back to your old one, whatever.........and make the monthly repayments. If your folks have to step in and make one or two payments for you, then you can pay them back later when you are earning. Jeeeeeeeeez, you all make it sound like at the slightest hitch, the whole family will be on the street and homeless. I am sure neither he or his parents are stupid, chill out everyone, we all get there by hook or by crook, some get an easier ride, others have to work many jobs.........for me I had the luxury of moving back home whilst I was doing my ATPLs ( still am) and only have half the money I need to complete all my training. Bank only needs to give me about 15/20K Euro, so it's really not much more than a car loan.
HOWEVER this would not have been a possiblity if I could not live at home for FREE! I am not proud of it, but by hook or by crook!!!
I will get my licences, I will get a job flying eventually, and remember folks if you don't get a flying job immediately, DOES THIS MEAN YOU CAN"T WORK AT SOMETHING ELSE TO PAY BACK YOUR LOAN???
Spanner, you coul also do it in stages you know, bit by bit, pay as much as you can while you carry on with your training...it will be slower but do-able. I am 36, still need 7 ATPLs, ME/IR, Night, MCC etc., but I went and got a job humping luggage into ac's for Xmas. 9eur/hour and I used to earn 50/60Eur/hr....how the mighty have fallen...my point is that my folks are helping me out in their own way, make sure that if things don't work out for you that you can go, get a job...any job... and make those repayments. I would recommend going modular, by the time I finish I may only owe 15 000 Eur, not too scary, but I did manage to save 20 000Eur over the last 5 years. I am sure you have the time, don't panic over the current recruitment drive, it's cyclical and will come around again... make it easy on yourself, it's hard enough having the anxiety of passing exams and test, knowing you put your life on hold to do them, try not to add the fact that you also owe 70,000 lump sum in the bargain... see if you can half it maybe by spreading out your training a little!
Good luck, it's different for everyone
