Of course ctc and oaa want to make profit but every other school in the world does aswell. And btw, with the new degree involved you don't have to take out 100k loan on your parents house anymore, you would only be looking to take out 50k. Up to 42k of the money will be student loan which means that you only pay it back when you have earned enough money.
Do you honestly believe that paying some tin pot airline in Indonesia thousands of pounds for the privilege of flying for them is better than having no work at all?
umm...yes!? If you were to ask that question to a newly qualified pilot that has spend 2 years looking for flying work, what would they say? They would say that they would definitly prefer flying with lion. That way they are gaining valuable experience flying 737/a320 with hundreds of hours building in their log books and at least some money coming in! I would definitely prefer flying with lion than having no work at all!
Also once you have completed say 3000 hours pay to fly you may then be put on a permenant contract and you would then also fit the requirements to apply for BA/Virgin etc..