Thanks for the advice.
I think you're right, its a ridiculous amount of money to part with with no job guarantee in the slightest.
After thinking over the past day or so I've decided to stick to Engineering for the time being and try to secure a decent paid job and from there work my way up (PPL etc..) That way I suppose I can manage my finances more appropriately over a longer period and not (hopefully) get myself into serious debt.
Hopefully after a few years the airline industry will have picked up and perhaps then I can look down this route again.
Its so frustrating though having a good degree and failing to find work, hopefully something will show up though. I'm planning on starting a masters in September if I have no work secured by then so I suppose I'll just see what happens.
Thanks again
Cherrytaz