If it is a summer contract with that salary and that cost for the type rating, then it is clear to me that what they are really doing is to solve Vueling peak manpower needs by means of a pay-to-fly program: desperate pilots without opportunities will pay the money (or work for free, which is the same) and end with the type rating and 500 hours or so. It's a good deal for them, at least better than being unemployed. Of course, p2f should be forbidden, but it is not, so that's what we get.