bealzebub - if all funding for flying training were to dry up, I dont think it would spell then end for all FIs and flying schools.
The airlines would still need aircrew, its just they would have to start paying for their training again.
The supply and demand curve.
HN1708 - all the best with the bankruptcy, I am sure it will be the wisest choice you will make.
If nothing else wannabe's should/could use bankruptcy as a 'training failure protection'. If you fail training and your not cut out for flying but have spent thousands, just press the ctrl alt del keys and reboot, you have lost nothing!
Over the last 2-3 years my black and white financial view on morality and honesty have to be honest been turned upside down. Especially with the expenses/bonus/bail outs that have happened.