Wow, a blast from the past.
My circumstances were such that I didn't end up reapplying. I ended up finding my way back into a more reliable income and I've forged a decent career over the past few years. I'm really happy in my work and current employer and can see that being the case for a good few years.
Sure, I'm not working with aircraft in any shape or form and I still have that pang but I have a reasonable chance that I can afford to train as a pilot (possibly glider or microlight). I had to compromise my career ambitions with the reality that I had got myself and my family into a terrible debt situation and no obvious way out. It wasn't the time to gamble any more.
Your situation may be different. All the best whatever you decide.