Once a cadet completes the an-initio course thus expending their entire FEEHELP they must do the Advanced element also which costs another $85k. Jet star finance this over six years but it is written in the bond agreement that Jetstar can increase this amount in its sole discretion.
So.....on a flexiline wage of approx $56k per annum you not only have to pay your 110k VETFEE debt off but you also have to pay $14k back to Jetstar each year.
$56k minus VETFEE repayments minus Jetstar repayments equals NOT MUCH LEFT!!!
Here's what I know.
The FEE-HELP loan limit is around $93k, it fluctuates yearly, but has never been $110k for this, so I don't know where that figure comes from. The advanced element is known as phase 2, where you will undertake an A320 type rating. The amount is between $30k-$40k fully funded by Jetstar which is paid back to them via a salary sacrifice. So again, I don't know where your figure of an additional $85k comes from.
From what I know, yes unfortunately you can expect to wait an unknown amount of time between phase 1 and phase 2. However there is not a huge backlog like some people have been stating here.
You seem to think you know a lot about the topic, I'm just referring to what those at JetStar and CAE Oxford have told me. Perhaps you could link me to where you got this info from?