I know I am OK. I was always employed on PAYE. But had a couple of discussions with CFI's who had definite views about FI's had to be self employed or they weren't getting a job.
The reason why I posted this is because there could be a fair few schools go tits up due to the employer having to pay back payments and interest.
Its worth while students checking out how thier school is set up and flying balances off pretty quick if they have the self employed FI set up.
The clubs that are charitable there members could end up with a nasty bill.