BBVA Stop Funding Pilot Loans
Join Date: May 2017
Location: Cambridge
Posts: 2
Likes: 0
Received 0 Likes
on
0 Posts
BBVA loan repayment
Hey everyone, this is my first time posting on here.
I have successfully been accepted onto the easyJet program with CTC at the beginning of the year, but I am struggling with funding! I am looking at BBVA and I know people have said they have stopped but according to CTC this is not true and I can still apply to BBVA for a loan.
Does anyone know of anyone who has used BBVA for a loan? I am cautious of using them as there seems to be a lot against them on this thread...
I don't know if its realistic to be able to pay a BBVA loan back on a starting easyJet salary! What do people think?
Thanks
I have successfully been accepted onto the easyJet program with CTC at the beginning of the year, but I am struggling with funding! I am looking at BBVA and I know people have said they have stopped but according to CTC this is not true and I can still apply to BBVA for a loan.
Does anyone know of anyone who has used BBVA for a loan? I am cautious of using them as there seems to be a lot against them on this thread...
I don't know if its realistic to be able to pay a BBVA loan back on a starting easyJet salary! What do people think?
Thanks
Join Date: Dec 2016
Location: United Kingdom
Posts: 42
Likes: 0
Received 0 Likes
on
0 Posts
Let's hope this is the beginning of a change in the ab-initio training industry. Without BBVA, the likes of EZY will no doubt struggle to find candidates that can afford £109/125k. Maybe they're already feeling the pinch, hence the re-application of previously rejected candidates.
Join Date: May 2017
Location: Cambridge
Posts: 2
Likes: 0
Received 0 Likes
on
0 Posts
That's interesting to hear about the Coventry Building Society, I will take a look! CTC said to me that BBVA was still an option so it will be interesting to see if that is the case if I choose to go down that route! I will certainly let everyone on here know if it is still running in any form.
As you say though, it's up to us to do the leg work and find other ways!
Good luck getting the funding and with training!
As you say though, it's up to us to do the leg work and find other ways!
Good luck getting the funding and with training!
Join Date: Mar 2016
Location: UK
Posts: 127
Likes: 0
Received 0 Likes
on
0 Posts
I've said this before, but I haven't met anyone at a top school who has the BBVA loan. I don't think the BBVA pulling-out of flight training finance will make any difference whatsoever to the number of people going through the doors of CTC and CAE.
One thing I do know is that a lot of people applied for the BBVA loan and were rejected, many of whom looked at alternate methods of finance, eventually settling on re-mortgaging, parents, grandparents, inheritances, etc. The big schools love to plaster the BBVA scheme all over their brochures, giving the illusion of "accessibility" to all, putting the idea into teenager's heads of "I'll just get a loan and pay it back when I'm creaming it for BA", possibly bringing a fair few people through their doors on open days, and some, onto a course. If the schools have to admit that funding is now well and truly down to you, with no "partner scheme" or anything like that, it will make the whole idea of flight training feel much more inaccessible, and stop people from even bothering to go to open days. But, like I said, I don't know a single person on an integrated course who has the BBVA loan, so it probably won't make any difference.
Although I'd love to see it happen, sadly, I fear that the notion of EZY underwriting training is just a pipe dream. There are hundreds of highly motivated young people queuing-up for this opportunity, who do have £130k ready to go, so I think it's a case of pay-up or pack-up. As long as this is happening, EZY won't pay a penny.
One thing I do know is that a lot of people applied for the BBVA loan and were rejected, many of whom looked at alternate methods of finance, eventually settling on re-mortgaging, parents, grandparents, inheritances, etc. The big schools love to plaster the BBVA scheme all over their brochures, giving the illusion of "accessibility" to all, putting the idea into teenager's heads of "I'll just get a loan and pay it back when I'm creaming it for BA", possibly bringing a fair few people through their doors on open days, and some, onto a course. If the schools have to admit that funding is now well and truly down to you, with no "partner scheme" or anything like that, it will make the whole idea of flight training feel much more inaccessible, and stop people from even bothering to go to open days. But, like I said, I don't know a single person on an integrated course who has the BBVA loan, so it probably won't make any difference.
Although I'd love to see it happen, sadly, I fear that the notion of EZY underwriting training is just a pipe dream. There are hundreds of highly motivated young people queuing-up for this opportunity, who do have £130k ready to go, so I think it's a case of pay-up or pack-up. As long as this is happening, EZY won't pay a penny.
