Are ANY banks still lending to fund integrated or modular courses??
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errrr did you factor tax into that equation.... you will of course be paying it (and probably a lot more for years to come because of the cash Gordon Brown is throwing around).
Simple you can't live on that money with those repayments. It is complete madness.
Simple you can't live on that money with those repayments. It is complete madness.
Hmmm, lovely, £1250(ish) every month for 10 years plus a grand to set it up.
So that's over £150k then.
You'd be able to buy a 4 bed semi in the South East for that by the time you'd finish the course..
Lunacy. They'll be inundated..
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So that's over £150k then.
You'd be able to buy a 4 bed semi in the South East for that by the time you'd finish the course..
Lunacy. They'll be inundated..
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With the current job market, you'd be mad to take out a big loan unless you have something definate lined up at the end. The banks simply reflect the market and won't lend unless they have a better than good chance of getting it back! Or at least I hope so, as this is how they got us into this position in the first place.
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How do FTE think anybody is going to pay 102,418euros with the current exchange rates! It's nearly £93,000! Now Oxford/CTC/Cabair are by no means cheap at about 30k less but you could pay for your all your accomodation, living expense and a SSTR with that! (Not that i suggest anybody should be doing a SSTR at the moment!)
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Hmmm, lovely, £1250(ish) every month for 10 years plus a grand to set it up.
So that's over £150k then.
So that's over £150k then.
Only 8.5 years of debt!
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Flying Mutant you are right.
If FTE don't change their pricing they will be out of business very quickly I would imagine. What percentage of their cadets are from the UK??
If FTE don't change their pricing they will be out of business very quickly I would imagine. What percentage of their cadets are from the UK??
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bbva loan
Hmmm, lovely, £1250(ish) every month for 10 years plus a grand to set it up. So that's over £150k then.
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GSB
How very right you are.
I can't imagine how FTE can survive given the current echange rate.
I was within an inch of working for them about a year and a half ago and, have to say that they are one of the best around. However, there is no way that they can justify the price differential between them and UK FTOs such as Oxford etc.
Intresting side effect of current economic turmoil... forget US and Europe stay at home!...but if you believe all you read here,...stay at home and do something else!
Back on topic,...yes banks will lend you money, at a rate, if it is based on a readily convertable security...no problem! but that is ..Not equity on property etc but a cast iron copper bottomed realisable asset.
Now if you want to borrow for an integrated course, then that IS another debate!!!
Bet FTE wish they were back at Prestwick!!!
How very right you are.
I can't imagine how FTE can survive given the current echange rate.
I was within an inch of working for them about a year and a half ago and, have to say that they are one of the best around. However, there is no way that they can justify the price differential between them and UK FTOs such as Oxford etc.
Intresting side effect of current economic turmoil... forget US and Europe stay at home!...but if you believe all you read here,...stay at home and do something else!
Back on topic,...yes banks will lend you money, at a rate, if it is based on a readily convertable security...no problem! but that is ..Not equity on property etc but a cast iron copper bottomed realisable asset.
Now if you want to borrow for an integrated course, then that IS another debate!!!
Bet FTE wish they were back at Prestwick!!!
I don't think its a patch on what it was when it was based in Prestwick. THAT was a bargain course - first 16 months of CFS for £52k and staying in Adamton House instead of Cranwell.
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