PPRuNe Forums - 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

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.