There are two proven systems which are working (But both requires a selection as a primary requisite)
1) The FAA / ICAO system which has to be completed with a sound experience acquired in General Aviation as FI or other positions or in Military/Police...
2) The JAA system which is designed for producing low hour First Officers as Europe has a poor General Aviation and small Air Forces for gaining experience. But the JAR scheme is very demanding and more costly.
Students should evaluate what they will do at the output of their training, or joining a school as FI or investing more in a quality training. Banks should provide loans only if a selection process has been successfully accomplished.
It is the medium term interest of everybody, in the Civil Aviation Business, to stabilise the situation and avoid a sudden and excessive reaction of Banks stopping the possibility of student loans. Similar situations have happened in Europe 15/20 years ago and the overeacting banks have disrupted some businesses.
Last edited by Passenger 07; 14th Feb 2008 at 22:40.