Strim raises an excellent point, IMHO.
For the record, I don't stand to benefit at all from this program, but I think it's an great idea if it is managed right.
At present University applicants are screened through their HSC results. CPL candidates are only screened through their bank balances.
I would hope that not every Tom, Dick and Harriet who rocks up at the local flying school can rack up a government loan of several thousand dollars without any formal selection process.
Wasn't a similar scheme available in NZ a few years ago? I stand to be corrected, but I think one end result was a whole heap of young people with large debts and not much else to show for it.