I do think that this is the start of many. Compliance with the new EASA regs is something that has been brought up many times, and as it stands at the moment many of the schools in the UK with either a RTF approval will find it hard to comply with the new regs. A survey posted in "the other place" showed that over 40% of UK TF schools were NOT planning to continue when the new regs come in. The FAA regs are far less demanding. This will have a real effect on the training scene.
In relation to students loosing money, whilst I have do feel their pain, the schools whether in the UK or USA are not having an easy time of it. Dropped into one school recently to renew my IR and was told that they had lost over £9000 recently with people flying and then not paying. They were thinking about starting a policy of you must have paid £250 upfront before you fly.
One guy had done 5 hours at one school- paid with a dodgy card, gone to another school and done the same, and then had done it a third time to him. Result was three schools out of pocket to tune of the best part of £3000!.
I am not defending EASA, but just saying that there are two sides to it all. Often when a school goes down the pan it is not just the students that lose, but the instructors, ground staff, maint shops etc etc.