I'm using the CPP as my backup. If I can get in, then that's great, but if not, then I'll just go with my original plan. I've been working in Korea for 4+ years and have saved up enough cash to pay for all my ratings in cash. I think now would be a terrible time to take out a loan. After you earn your ratings, what kind of flying job are you going to be able to get? There are a ton of pilots with experience out on the street right now, unable to find a job. If you take out a loan, you better have a good plan to pay it back