It is not about knocking the cadets, it is the attitude of the industry.
The industry is greedy, they want your money, our money, that makes the FTO's turn around.
If the reality of the industry dawned on everybody, instead of photoshopped jet pictures selling the dream, to people willing to pay with blood and a bit more, to end up getting nothing, no job, and debts that they can never repay, but do you think CTC or OAA or any other FTO's cares about the end result, as long as they can show that a few of their former students got a job, and is living the "dream"
The FTO's need new students, telling the students that their chances of getting a job is close to zero, does not suit them.
The airlines need oversupply of pilots, this way they can keep lowering the T & C' s for everybody.
For the cadets, sure it is a great way to get into the industry, it keeps the FTO's busy, the trainers working, and it keeps current already trained pilots out of a job, as they will be "over-qualified" to apply for the cadet program.
In other educations, example becoming a doctor, it is controlled by admission, this way it keeps a balance between supply and demand.
The current free for all, is unfortunately not beneficial for anyone, it is bringing the industry to it's knees.