I'd have trouble finding a job as an engineer granted, however I wouldn't be lumbered with 70k+ worth of debt as an engineer with quickly approaching repayment dates with my house on the line is the main thing.
At the moment I think I'm pushed towards the extra expense and the risk just so I can get my foot in the door on jets and start building up hours that way and hope for the best, I'm still holding out for these airline sponsored schemes!