Cadet pilots offered huge student loans

Jetstar has outlined plans to offer cadet pilots huge student loans as part of a new fast-track training scheme.

Under the initiative, the airline will allow pilots with commercial licences to graduate as first officers on Jetstar planes in as little as three months.

Meanwhile, those with no flying experience but who show the right attitude and skill will be able to fly at 11,000 metres in just 18 months.

Tuition fees of between $80,000 and $160,000 will be covered by Jetstar student loans, to be repaid during six years of bonded Jetstar employment.

Jetstar has launched the cadetship in conjunction with two flying schools – Oxford Aviation Academy, based at Moorabbin Airport, and CTC Aviation, based in Hamilton, New Zealand – and Swinburne University.

Such news may interest Aussies looking to compare student finances in search of the best options. Last week, ABC Radio Australia reported on a new book entitled International Student Security, which has been produced by professors at the University of Melbourne to highlight the finance and security concerns of foreign students living in Australia.

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