Making the right decision in the first place
Loans granted by banks have to meet certain criteria before they are sanctioned. The purpose of the loan is taken into account but if the bank can see it is going to get its money back with interest then it will make the monies available. The Professional Development/Training/Study Loans are products which are designed to not only make money for the bank during the term of the loan but also to capture potential high earners for the future.
The secret is to plan your dreamthen revisit the plan having looked very carefully at the financial implications and then make a sensible rational decision.
I have the greatest respect for Pilots who have trained on a shoe string and have made the grade. I have read most of The Wee Weasley Welshmans 3000 plus posts and watched him go through the various phases of his career. He is a good example of how to do it. Another good way of doing it is to get on an intergrated course if you can afford it or can borrow the money. HOWEVER, are YOU a good investment vehicle for the money.
It is sad that WWW knows despatchers with IVAs (individual volountary arrangements) but none of the students I have seen go through training who have borrowed all or some of the money are in that position.
I am afraid that the bad decisions are not made by the banks in these cases but the individuals themselves. Think carefully before borrowing the money, and you can still borrow even today, and the dream will not turn into a nightmare.