The Glide - "But theres no students anymore to teach".....not sure which school's you've been into lately mate but the one's I've been into are still reasonably busy. Whether or not this is sustainable is another question but for the time being there still seems to be a steady influx of newbies.
Since I started training in early 2008 I've been suprised how many people don't have big loans but have got the money from either savings or have come from well off families.
There will undoubtedly be a drop in demand for training but many of those with the money already in hand are bound to take advantage of the more competitive training rates currently on offer.
FS
