Afterall, isnt the lending to too many people who cant pay back, a large (or even main) contribution to the crap the economy is in at the moment?
It certainly is, the US sub-prime nightmare is largely to blame. We won't enter into a big economics discussion here...but the whole situation was unsustainable. Inevitably the goal posts have moved and now people can no longer rely on obtaining loans.
So it appears it would be prudent to save, save, save for your training and try your best to minimise any risk to yourself.