But yes L A James, you have planned and know what you risking. If it all goes t*ts up you will lose this and that, but you already know the risk.
Therefore in my view, you are going into this with your eyes open and risks known in the knowledge that you are prepared to risk what you have worked for and earned. That is absolutely the right attitude and shows that you have a bit of business sense as well: something airlines will appreciate when you finally get there: which with your pragmatic approach you probably will.
I think two of the key point here are those who:
a) try to get loans with little or nothing to fall back on
b) the sub-issue of those who get loans with the intention of defaulting.
If you have nothing to fall back on and can't get hired for some reason after completing, then the question people in category (a) should be asking is: where is the money going to come from?
Those in category (b) won't care one way or the other!
But it's the few short-sighted folk in (b) who have made it harder for everyone else I'm afraid.
Vote number 3 for a sticky-perhaps merged with the similar thread that's already a sticky!
Bri