My concerns are somewhat more prosaic and paternalistic. Lets say a Wannabe is weighing the £80k Integrated option against the £50k Modular. Lets say he reads my words of caution and does a bit of research and decides to go Modular. Lets say there is a deep recession. The £30k he didn't borrow may well be the difference between bankruptcy and being able to manage.
This is not only a problem in a recession but effectively a problem in day to day life for any new pilot looking for a job.
Leaving aside the wealthy, the average student pilot is putting his financials at high risk by going integrated.
Still, recession is not the only risk out there.
If Osama decides to have 100 planes blown mid-air at the same time tomorrow, commercial aviation is history.
If a student is involved in a car accident and gets injuries that won't allow him to hold a class 1 medical, his career is history.
But fear shouldn't be the way to convince a students to go modular or integrated because you'll discourage everyone including those people who are already in such courses or have graduated and are looking for their first job.