It's not a good deal... which is what people have been trying to convey.
For 20 years the benefits package has deteriorated due to a glut of pilots on the market. The bean counters have had a field day...
To continue with paying a low wage they are trying to entice pilots (with little to no flying experience) with a "joiners" loan. Just so they can continue to pay a low wage.
Why not pay pilots like they used to? Market forces....if you pay them they will come.