I know what you are saying about public money, but thinking about it, the amount of tax payed back into the public coffers by the aircrew community must be quite large.
Anyway back to my original thoughts surely by allowing the use of the student loans system is better than people taking large personal loans from banks at high risk. I know it is sort of public money, well subsidised by govt, but surly if you can use it to do a degree in surfing why not flying.
Anyway if vat could be cut, without the Fto's putting the cost up that would help but it not going to happen.