I went through CTC back in 2000, and my experience of them was much the same as Stans.
In fact I have to agree with what Stan has stated, its my belief that it will come back around. No one can get a loan to train any more and the amount of pilots needed with any sort of expansion in the industry will far out strip supply.
There are peaks and troughs in this industry, the current trough is very deep, but the preceding peak was too high. It will level out to something sustainable, but it will take a few years.