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Oh, Copa...you and that silly idealism!!! What's next, a service commitment??
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I worked with a lot of guys who didn't complete UPT for whatever reason and spent all their time resentful of being "stuck" and "downgraded" into a job that I proudly volunteered for and served in.
If you don't pass UPT, you are in for a LONG four-year world of hurt if you aren't committed to being an officer.
Even if you have pilot slot in hand and are on your first day of UPT, you better have a backup plan for what you will do if you don't make it through. And I know a few pilots who had many of their ratings and still couldn't make it through UPT.
With vision correction issues, they sometimes grant waivers, but these are largely dependent on which way the wind blows. It ebbs and flows, and a lot can happen during four years at the Academy. Prior to Desert Storm, they were handing out waivers left and right. After Desert Storm, they started dropping pilot slots and any waiver was almost unheard of. Guys who had a pilot slot their junior year had it yanked away their senior year.
But don't forget that service commitment: 10 years after UPT, and 4 years no matter what.