PPRuNe Forums - View Single Post - How do ab-initio graduates afford SSTR programmes e.g. with Ryanair?
Old 30th Jul 2008, 13:22
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Day_Dreamer
 
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There is only one way to go and that is INTEGRATED.

Back to topic. How do they raise the money ?

Most of the students have taken a second loan to cover the training costs, BUT these are only available if there is a job at the end of the type rating course.

Several students already have a student loan as well as the integrated training loan of £50000 and have been turned down by HSBC for a further advance on this factor.
Others have gone elsewhere for the loan, to their own bank for example after showing through their results that they have the commitment and desire to succeed, a bank manager is a difficult beast to convince these days.

There is also the bank of mum and dad, but with the credit crunch thats closing down except for the very rich, or lottery winners.

There are ways to finance the extra cost, but without a job offer its a no go, I am sorry to say.
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