The money issue is all taken care of for you with CTC. If you pass selection it is a case of signing a few forms. Accomodation and training is provided, as well as travel. HSBC will throw in living expenses if you want them (400/month). You do not have to worry about paying anything back untill you are sitting in a big shiney aeroplane that goes whoosh. The course is a kind of semi-sponsored blur of money going in all sorts of directions. The repayements for the loans are even given back to you by the airline whilst you work for them so in a way you dont even have to worry about that. You will be on reduced salary for 7 years. They will explain all this at stage 2, its quite convoluted but makes sense in the end. They have structured the course as such that it holds minimal financial worry. The airlines get cheap pilots, CTC make money and pilots get jobs, its a good deal all round.
Like 1818 says unless your planning on being a doctor or a lawyer, or going straight into investment banking, when the financial processes have taken thier place and HSBC have all thier money back, CTC have taken thier share, and the airlines have thier pilot, your no worse off financially than if youd gone to uni and got a job. If like me you went to uni, didnt get a job, then came to CTC your debt would be astronomical, but hey.... who cares?
Last edited by dragonfly6; 25th January 2007 at 23:33.