Telstar, for an airline Captain you have a rather large tendency to exaggerate! Calm down Captain.
If you don't think that being €85K plus interest in the red and you haven't even had an intro flight is not a life altering setback then you are either a hopelessly naive member of the zombie army or you are so young that you have yet to learn the value of money.
If some of those students push on and continue the training elsewhere and then go on to pay for a type rating with an airline, they will have close to a quarter of a million euro worth of debt by the time the juice is factored in. That's a mortgage, a lifes work to pay off for most people. Unless you know something I don't?