All of the above suggests (and I agree) that training now is a gamble. The advice all gamblers hate, but it's good, is 'Only gamble what you can afford to lose'. Can you/he afford it?
The other thing that you get a sense of on here is that it's money wasted. The alternative view is that you get a lot for your dosh: all that training and a little experience as well. I think you are entitled to a licence for the money you spend, not a job. Others moan a lot.
Just my pitch.
CG