Looking at the performance of the L3 representative at the recent Pilot Careers Live Virtual event, it suggests they have no idea about what to do next - it was very uninspiring indeed.
Maybe if the big players give up it could be a good thing? You never know, it might lead to thriving high quality modular ATO's reemerging offering the same thing at less than half the price so no-one has to go into huge debt to follow their dream!
Having said this, we do need legislation, in my humble opinion, to prevent schools (all schools) having more than 10% of the course cost on deposit at any time. The sad fact is, form many the dream and the gloss lures them to make absolutely stupid decisions about money which are quite incomprehensible.