Agreed 100%. I'd say a fair chunk of those who undertook the loans for flying (not all) were told by these flying schools that there will be a world wide pilot shortage in the years to come. Yes, it may be true but majority of the pilot shortages will be over in Asia/Middle East, not here where there are pilots waiting for a year plus for a start out bush flying banged up pistons. Doesn't help when CAsA is killing the industry.
Heard on the grapevine that a few graduates over the last few years haven't even pursued their career in flying, which means we taxpayers will be footing the $100,000 bill per student.