From research I know the airlines prefer pilots with degrees (not sure about college diplomas to be honest :S). That is the ONLY reason I'm in that program.
You may want to research a little bit more into that. While a degree is a positive sign of good study techniques, I certainly don't think that a degree would put you in any advantage over a pilot applying for the same job, with numerous type ratings on his license, and experience flying those types. Because equivalently to a degree, having numerous type ratings (unless paid for and not flown on) shows a company that you have gotten around quite a bit, have gained the trust of different companies to invest in you, and obviously know how to get and maintain a type rating. I think that, along side with a good attitude is a far more valuable and advantageous trait for an airline.
This is in no way a discouragement towards getting a degree, but I couldn't help but to say something, because you said that the only reason you are doing the program is because the airlines will regard you with advantage.
If that's the only reason, I would suggest spending that degree money on something else. I'm not sure about you, but I would think that somebody would want to get a degree because they are interested in a subject and want to become more informed/educated in it. Or perhaps it's a career path they want to pursue requiring them to get a degree. With your career being a pilot, I would say that having a superb attitude, being humble, quick to smile, and working hard would probably do you better than a degree. That's my approach to it anyway, but you have to find something that works for you
I think KAG summed it up real nice.
I have one in Aviation from a school that is no longer around, and to be honest it has never really come up. I'm now at Westjet and the emphasis is on flying experience and attitude, not how my grades were.
IMO, you do not need a degree or a diploma, and you could get a degree while flying the line through correspondence if your so inclined. Saddling yourself with a lot of debt is not a great way to start out in the industry.
Food for thought.
KAG, if I am not mistaken, I believe the impression from the airlines is that anybody with the right mindset and ability, is able to fly a 737, press the fmc buttons, start the apu, turn off the packs and fire up the engines. It seems to be the attitude of the crew, on a 4 day pairing, that would be the attention getter for an airline to hire you or not (aside from flying experience).
I wish you the best buddy, keep the persistence up! Even during toughest times
