Just found this:
No easy path to a high-flying career as a pilot - Latest Business News - Business News - Business - Birmingham Post
"You’ll need to find €85,000 to enrol and if you haven’t got that sort of cash lying around then you’ll need to take out a loan and most likely use your home (or your parents’ home) as security.
Captain Mark Robertson, who is also part of the flight crew selection team, said it’s a commitment that needs to be considered carefully.
“It’s probably the biggest financial commitment of someone’s life, other than buying a house, so it’s not to be taken lightly and it will take you up to ten years to pay it off.”
"Capt Robertson said once students are there they rarely, if ever, fail to deliver. Over a six-year period there have been just two drop-outs – one was kicked out for drinking on campus and the other got pregnant."
"Capt Robertson said: “We train 400 pilots a year but we are going to have to expand to cope with demand from airlines. As many as 79,000 pilots are going to be required in Europe alone over the next 20 years.
As someone who has clearly enjoyed his own flying career he said: “Where else can you go into your office, put the heater on, fly to 35,000 feet and see sunshine every day.”
Lies, lies, lies. Fake captains, liars, cheats, conmen....where the hell is the regulation in the flight training industry. And shame on the IAA for standing by and letting this happen under their noses.
I sincerely hope some of these conmen see the inside of a prison cell, although i doubt it in a country that hasn't managed to jail a single banker yet.