On the other side of the token, getting a degree is not an easy-pass onto an income or career, and certainly not a measure of success or ones ability to be successful. There are a lot of brilliant entrepreneurs out there that made a life for themselves with having ever gone to college. Now, I won't say a Bachelors degree isn't worth the time or effort - I will say that if you don't want one, don't waste your time getting one. Because at the end of four years you'll have a degree, but without passion that won't mean a thing. If you JUST want to fly - use you Post 9/11 for that training, get all your certs done from PPL to CFII and get to work flying. To break into in big time flight jobs you're gonna need a solid foundation of hours (Read: No less than 1000 hours these days) and the only way to get those are to start logging them, one at a time.
Now, personally that's sort of what I did. I used my Post 9/11 benefits to pay for my flight training because that is what I was passionate about, and what I wanted to be doing. Now I'm using what's left over to go after a degree, but only because I know that down the road I'll need it to be eligible for most upper level positions. It's not gonna pay for the full four years, but schools like American Military University (AMU) are really affordable for us vets. And that's just one option out there.
You see, I'm in no hurry to get my degree, so I can afford to take it slow, and earn one over time while I work as a pilot. It'll happen, but having served in the military, gone to flight school, it goes without saying I'm considered a "non-traditional" student and it's true. I have an education plan in place for my BS and my MBA - when I get them I get them.
I was never one to subscribe to the completely false notion of a lifetimeline being the way to live. It's more a way to die...
Be born > Go to school > Go to college, get a degree > Entry level start to a career > Promoted > Retire > Die
My life plan is more like
Be born > Be Awesome > Retire Young > Live forever