I thought they stopped doing the loans ages ago (ex-special agreements with the likes of Oxford etc).
To understand why the banks have done this just do a search for some of the threads on "bankruptcy" on this forum and thank the folks who were actively encouraging people to shirk their responsibilities and go down the route of declaring yourself bankrupt post training to avoid paying back training costs.... this is a simple derivative of that attitude... if enough wannabe pilots don't pay back what they owe then the banks are quite right to pull the plug. Don't blame the banks blame those that have gone before you and not honored a contract they entered with the banks when they started their training
