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Old 23rd May 2002 | 21:29
  #3 (permalink)  
Tinstaafl
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Joined: Dec 1998
Posts: 4,282
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From: Escapee from Ultima Thule
Only ONE gets their training paid? But everyone pays 147 quid to apply.

"How many apply?" is my first thought, because if there's enough it would be a self funding scheme along with a profit margin for the 'sponsors'.

If only 200 apply it pretty much breaks even for an approx. 30,000 quid course.

Add in the 15,000 to be repaid & only 100 need apply.

Bear in mind these are only rough figures and I haven't included any admin/selection/additional costs to the company but even so it still sounds more like a profit making exercise to me. One at the expense of all the other hopeful applicants.

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Just had a better look at their website.

They make no claims about just how many they expect to sponsor. Could be no-one, one, two or (unlikely) everyone.

The 'successful' candidate(s) then have to repay "around 50% of the total cost we spend on you" (my emphasis). That would included training, accommodation, pocket money, travel & uniforms etc etc

Then theres a mysterious 'Clause 4' that refers to some other contractual arrange, no details of which seem to be available. Hmmmm....

I certainly would be thinking long and hard before applying for their scheme. Sound more like a lottery financial model only one where the winner(s) have to repay half the winnings.

Last edited by Tinstaafl; 23rd May 2002 at 21:42.
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