MCDU2
Interesting idea but unnecessarily complicated. The escrow account gets rid of the advantage of the upfront payment, ie the use of the cash by the training provider.
By the time you get to something like this, pay as you go (preferably by credit card) achieves all of this without any added hassle.
The reality is that these training providers need to be properly capitalised where the shareholders are taking their fair share of the risk, not loading the financial risk onto the students and suppliers.
Personally I think its immoral to take advance payments like this. If a builder did this they would be chased all over the place on some consumer programme.
I think it is time that one of these consumer protection shows exposed the commercial flight training racket that was Cabair just to better inform the public.
We might not like it but it is necessary.