Payment for training
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Payment for training
As sponsorship seems to be non-existant apart from the ctc/easyjet/JMC scheme i'm considering the real possibility of paying for my own training!!
How have you guys payed for it? Large loan and help from parents etc i would imagine!
Also, you guys and gals with loans, what are youre repayment plans etc.
Is there a right time to start to train?
Cheers
Euan
How have you guys payed for it? Large loan and help from parents etc i would imagine!
Also, you guys and gals with loans, what are youre repayment plans etc.
Is there a right time to start to train?
Cheers
Euan
Joined: Nov 2002
Posts: 134
Likes: 0
From: UK
Joined: Jan 2002
Posts: 161
Likes: 0
From: Sydney
Actually, up-front sponsorship does not exist anymore at all. The CTC-McAlpine deal is retrospective sponsorship. You, personally, take out a £60k commercial loan with a prescribed bank. Once you're fully trained and working with an airline, you get paid a reduced salary with the difference given to you tax-free to use as your monthly loan repayment. There's a risk of not being employed and hence not sponsored.
That's better than self-sponsorship because of the high probability of getting a well paid job flying jets at the end of it, but you're still paying for the training.
So, everyone pays for their training in one way or another.
That's better than self-sponsorship because of the high probability of getting a well paid job flying jets at the end of it, but you're still paying for the training.
So, everyone pays for their training in one way or another.
