The price of the course is £63,000 (UK POUNDS), most of these loans are set to be repayed over 7 years. The OATs / HSBC arrangement for example.
Current combined interested rate (base + whatever the bank charges) is around 5%. Therefore your loan will become 63,000 x 1.05^7 = £88,647 by the time you finish paying it off. That's roughly £1,000 per month, every month for 7 years. With 25k of interest paid on the loan in that time. You didn't think this was a "sponsorship" did you?
Didn't someone say pilots need to be wise, and not risk takers!
