Were you guys seriously expecting to go straight into an airline after training? Over here it has never worked that way and never will.
Hassle your local sky diving club or gliding club for some work to keep your hours ticking over. Get your instructors rating, find some students and work part time on weekends. Join the RAF or apply for a CX cadetship. Keep your instrument rating current. In the meantime find a real job to pay off the loans.
Aviation is a cut-throat industry and always has been. Only the very pro-active or very lucky will make it.
Good luck
