I cannot let finance in which I would easily repay stand in the way of my career.
Finance that you will easily repay?
I don' t think so.
It' s far easier to get into debt than to get out of it.
I don' t know what PTC told you but there are no jobs now and there will be none until thousands of people ahead of you in the queue get a job.
If you try to jump the queue, it will only cost you and others more money and misery.
Finding a job in a reasonable way is not an option until at least 2015.
Mission for you: do your homework.
There are pretty good forums on this website about that problem.
http://www.pprune.org/terms-endearme...-contract.html
http://www.pprune.org/interviews-job...a320-jobs.html
Read these threads in full, it is free and will save you from financial suicide.
Desperate pilots like Kash went all the way to Africa, planted a tent and go daily to the local operators to beg for a job:
http://www.pprune.org/interviews-job...mbia-then.html
I stopped my flight training because it is useless to continue now!
Those selection tests at flight schools are meant to let you pass. You are not worth anything to the flight school unless you can sign up and pay them the full load, so they are the ones who make you pass.
Are there even people who don' t manage to pass those tests?
Just because you passed them, doesn' t mean that you will become a good pilot nor that you will get a job anytime after your training.
The reality is that there are many people who are forced to go do something else after their training.
My former instructor who finished just before 9/11 worked another job for 5 years before instructing for 2 years and finally got a seat on an RJ back in 2007.
Even then, the first year he made no more than when he was instructing while working more hours.
The bank saved you along with themselves.
Why do you think they were so mean with you? Because they have experience with pilots who can' t repay their loans!