Here are the reason why I made the choice to get an aviation degree:
1. COST!!!!! The almighty $$$$$$. By going to an ERAU extended campus, I paid less than $200 per credit hour. This was just as cheap as the local state universities. Combine this with the fact that I was credited for 36 credit hours for my Private-CMEL, and this made it an easy decision for me. Even at $200 per credit hour, this was a $7200 savings. Combined with the community college classes I took, and CLEP and DSST tests for credit, I made out like a bandit.
2. I just wanted a 4 year degree. Most employers just want to see that you are dedicated enough to finish your degree. Like kellwolf said, I probably would have just dropped out doing a history, philosophy, or computer science degree, mainly due to cost, and partially due to interest.
3. When I attended the ERAU extended campus, I found that there were many teachers there currently working in higher up management positions at places like DFW Airport, Lockhead Martin, etc... that had received the exactly same degree I was getting. Unlike me, they did go on to get a Master's degree, but this is something I will pursue at a later date. So it does leave options open for something else down the road.
4. I realized early on that an aviation degree is just as "useless" as any liberal arts degree or about 70% of degree courses out there. Refer to #2. I could always get an MBA (which most programs have little prerequisites), Teaching Certificate, or some other further education. Most of these programs only require that you have a 4 year degree, they usually don't care what kind.
5. Without useful experience, those 30% of degree courses that would be useful for a job, like for instance, an accounting degree, would be useless if you are out of the job market for 5-10 years. Fields change rapidly, especially in today's world. If you don't have recent, useful job experience, you are worth LESS than someone fresh out of college with the exact same degree.