I'm in the same situation.
I've got the loan's and Class 1 in hand, and was really looking forward to starting training next year but until I can see how bad this situation becomes theres no way on earth I'm going to pay for a course.The risk is just too high. I am hoping to instruct when I qualify but to be honest I can see instructing jobs drying up for a long in the near future.
For now, I'm activating my backup plan and my moneys being locked away until things become clear.
Good Luck to all
Eno