To be honest this news dosnt surprise me! I just hope the students Ive met, have at least managed to finish their ATPL exams. As for the non payment of bills I know of at least 2 students who got through their PPL+ and started IMC training without paying a penny that INCLUDES the joining fee!!!
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You could set up an ESCROW account before you start training, im not 100% sure how they work but I belive it should keep your money safe. Try asking the FTO you plan on using or ask your lender.
