Ok, I need to check this as I can't immediately find the answer, but legally I suspect OAA would not have a leg to stand on if
they took the decision to terminate someones training and then did not refund any money that had been on account for services not yet received - i.e. for training they haven't [yet] provided.
Therefore, if the skills security program covered that alone, then it's not really anything additional. Given that this forms a fairly large chunk of the loan application procedure, I don't think OAA would publicise it so heavily if it only met their minimum legal requirements. Therefore, I'm pretty certain that it DOES cover all flying expenses up to PT3 (as shown here)
http://ask.oxfordaviation.net/viewto...kills+security
I will however check and post back.