Its total lies. Look around New Zealand at the number of Flying schools creaming it from the student loan scheme. The government is about to put an end to it all. The industry has made up a BS story about the need to train 800 people per year. In other words "don't cut the funding please".
I doubt whether 10% of these people ever get to fly for a living and ultimately end up with nothing but a huge debt while the local flying school polishes its new aircraft.
The whole thing is just one big sad con job sold on lies!!!