There is a Govt policy paper floating around somewhere re this, I cant find my copy, but from memory, it was a capping, then a slight reduction of the number of loans available for this type of industry, but nothing like the number suggested above.
The Govt paper stated that the 'placement' of pilot graduates, was not very high compared to other industries. Funny that.
They were looking to get better 'value for dollars' from student loan funding, in general, and Aviation was one of the more expensive loans..........
Govt policy has reduced funding for night classes at high schools as well, so they are looking hard at expenditure, so they can fund tax cuts.
Anyway, for us aero club types, its business as usual.
Cheers
