I'm so glad I stuck to my guns over the many years and decided not to get into debt with flying, I will eventually need a loan, but a very small sum compared to these CTC guys/girls and I think it's that, that will benefit me personally in the long run.
Saying that when times do improve, I expect them to get into jobs first alongside experienced pilots.
I don't know what the agreement is with CTC and their students about the financing side of things, with the 3rd party/bank providing the loan, I wonder if their payments will be delayed and they may only have to start paying back when jobs come about?... hmm, wouldn't suprise me.
I nearly got into CTC, but I do feel happier I don't have this massive debt over my head, worries about job security and paying it off.