We are not discussing the mentored schemes Bealzebub.
This is purely about the hit that self financed students are taking by going intergrated.
Let me give you another snapshot of actual figures from a large "integrated" flying school. In this example, around 20 graduates this year alone.
£69,000 flying course (bond)
£10,000 Foundation course.
£500 per month living costs (accom already included) £8000
£2000 (discretionary living costs)
£2000 (insurances and up front capital item costs)
£0 Type rating
£0 MCC Jet orientation course. (included with bond costs)
Interest rate for bank borrowing 3% (variable) (£227 p/m initially)
Total £91,000.
Refund of previous flying (foundation course) credit -£3000 (varies on performance)
Refund of bond during first 7 months of airline placement £8400.
Net total £79,600.
Your figures just show the stupidity of doing intergrated unless its through a mentored company scheme.
I fully agree if you can get on one of these schemes go for it.
But all you are doing self financing is subsidising the few airlines who prefer that product.
Far from showing how good intergrated is it just shows you how stupid you would need to be to self finance.