Originally Posted by dera

No, it's not a loan or any rubbish like that. It's a promissory note, and it's pro-rated over the 12 months. After 12 months, you owe nothing and can walk away.
The training is done at Flight Safety in DFW, the sim sessions alone cost around the same as what the contract is for. The contract really is a non-issue if you are willing to stay for a year. And don't forget the 20k/year bonus after your second year as a PIC.