No payback
Hi,
I made my ATPL in Germany and spent 60.000 Euros with no typerating. Direct after I finish training I did not get a job and declared Private Insolvency, so I do not have to pay back anything! Thats the advantage, the disadvantage is that the whole case takes six years, in which I am not allowed to take any credit. Anyway I earn good money as Lufthansa Flight Attendant, good luck!
After the six years I will be released of all my debts!
Right now they are looking for a lot of Pilots in Indonesia, but the Typerating for Lion Air at CAE costs 28.500 Euros, I can not manage to get that money!
If you live in another country of the EU than in that where you declare your case of Insolvency, it is done in 1.5 years!
Good luck!