I done option 3 also...
For those that believe that a degree isn't required to become a pilot, you are correct, but it's not the purpose of the degree. The degree is used for two things, first of all help you stand out from the crowd and second of all help you achieve a backup plan if the industry collapses or if you have a medical/personal/financial problem.
I believe the Airline degrees are a complete waste of time and effort, the main purpose of the degree is a back up so why would you do a degree in the exact same area?
I done a degree in Law, don't regret it.