For what it's worth, I'm gonna throw my two cents worth in:
I have a friend that is leaving for Mesa next month. He's already gotten screwed by ATA, so I am AMAZED he still wants to go through with all of this. He was about half-way through their AirStage 2 program, so he has around 30ish (maybe) hours of multi and a shade under 300 total. Personally, as the industry stands right now, I would not want to pay that kind of money for a 5 month or so program only to be put on a waiting list. If the industry was strong (ala late 90s), I'd jump on it PFT be damned.
I don't want to go the FBO route b/c I don't want to take FOREVER getting time and ratings. I have nothing against it, it's just not for me. I'm going to ERAU for several reasons, one of which being the availibility of student loans/grants/whatever. Sallie Mae just doesn't cover all I need at the FBO. I also want the college degree, and I have a hard time sticking with things that don't really interest me.
Daytona is only about an hour from Orlando, and I can still KEEP my full time job on the ramp at MCO.
Now, how am I gonna pay for all this when I'm out? I'll cross that bridge when I come to it. A lot of the tuition is actually coming out of the mad overtime I've been working all summer (which is kinda stringing my Instrument rating out long than I had hoped). In the end, I will only have had to borrow about as much as I would have to get all of my ratings anyway. In addition to all the ratings (including CFI, CFII and MEI), I'll have a college degree. If I have to instruct somewhere, I don't mind. Assuming certain people are still there, I might have a good shot at Air Orlando getting a CFI job if I need it.
All I know is I'd rather be flying anything and making peanuts than spinning my wheels. For those of you who feel like you're slaves to the airline, try working for Disney for five years.
$6.30/hr to listen to people yell at you about things that aren't your fault, working long hours, and the occasional 'oh yeah, we need you to close tonight and work tomorrow morning, even though it's your day off.' To me, it sounds like a regional is about the same, but maybe a little less tourist hassle and a tad more $$$ for the trouble.