I think all pilots must have a Plan B when planning this career. Have a solid fall back career. Preferably in something outside aviation and something in constant demand. E.g Allied Health care. But ultimately something you'd enjoy doing outside flying.
I would say, do not take out a massive loan to pay for your training, especially now. Instead work and pay from your own savings for the initial training and hour building.
The fact is, there is an almost exclusive and elusive club being formed by the state of the industry: Type rated - ATPL club. In other words, if you don't have a type rating and/or ATPL hours, you will be at the bottom of the list when the airlines are short listing.They want the cheapest means of getting new pilots. Low houred means mega $$$£££ for type training, with the chance you might leave for another airline after a year or two.
If you got the money, and time and you are focused, get your ratings done, get a 9-5 job, enjoy life and fly on a weekend with friends. Forget the industry and job market for now. Keep IR current, and update your CV until something catches your eye. but lower your expectations.Thats the best way to handle things.
But if you don't have the cash in hand, and have to borrow heavily from a bank, i'd say think about that long and hard!
And never assume that this job is 100% solid for a career. Enjoy every flight hour you get as a pro or amateur like its your last. You never know when it will all come to an end. Like being diagnosed for Type 1 diabetes or other illness which prevents you holding a medical. Ouch!
