The con is when the flying schools trick people into thinking that they will be employable with the minimum command hours, then max out the VET loans with a load of worthless dual training. The admin fees these people pay on the top of the loan could get them another 100 hours in command and much more employable, but then they would actually have to get out and earn the money to pay for it.
Instead of conning students the schools should help students bridge the gap between CPL and being employable, so that we don't end up with people like the OP suddenly wondering what happened when the reality of a massive loan and no chance of work hits them and then going out wanting to white-ant the rest of us.