A £109k security bond is required, funded by the applicants, though at least they seem to offer a guarantee to at least a few applicants. Makes it broadly equivalent to the FPP then in my book.
Given there is a 98% pass rate at CTC I'm surprised that for these schemes one can't simply purchase insurance that would cover a course failure, this would make it much more accessible than a security bond. I know there have been cases where airlines get into bother etc. but the recent redeployment of the Monarch MPL folks suggests that certainly for the smaller intakes it is possible to find a position elsewhere if one's sponsor can't take their trainees on. Given the things that have been insured at Lloyd's of London over the years I'd imagine it would be possible. Probably cheaper than losing the interest on £100k plus over a few years as well.
As always, best of luck to those who apply.
EDIT: I now see that they offer a guarantee to few applicants who cannot afford the bond.
Last edited by Chris the Robot; 30th Oct 2014 at 06:43.