CTC secure 30 grand of the 60K loan so it is a secured loan in a way. the other 30K is unsecured. All of its in your name though anyway. No coincidence the bond is the same cost as the market rate for a cpl ir.
The sponsored bit is the Type rating (when you ge a job). The rest is self funded.
the innovitive finacial arrangement allows you to secure the money you need to train easily, and allows the airlines to obtain cheap well trained pilots.
Akindofmagic is right - in the long run you pay for everything. The £1000
a month thing is a logisitcal excersize.