-BA work with BBVA and APL for those who cannon put up the £84k
Correct, and APL is a wholly owned subsidiary of....CTC. Which is why FTE and OAA won't include much mention on their websites. And anyone familiar with the CTC scheme (older format pre-2008) will recognise the fianace arrangement. APL has been around a long time and handled all the finance for the various CTC schemes.
To put it into really simple terms:
If you need to take out the loan it will be in your name, unsecured, and you WILL be responsible for paying it off, interest and all. If you commence employment with BA it will be paid back to the bank via a reduced salary for 7years.
If you fail/quit various permutations apply but you will still be liable for much of the loan depending on the stage of training you were at and the circumstances of your leaving.
Cost of living during the training period IS NOT covered by the bond. This will need to be factored in.
The main thing to understand before you go to interview is that it is your responsibility to pay off the loan.
As has been said by a few other contributors, this is the best show in town for many years. The debt is large but managable if you have a job waiting for you at the end of training.