If you are planning to be an instructor at some stage, i can tell you having an aviation degree makes your life a lot easier because all you need to worry about is finding a way to deliver the content
I have done the aviation degree myself and i don't regret it.
Uni
* More Expensive
* Theory Course are more 'in-depth'
* In-depth discussion in aviation safety/human factor related subject
* More chance to fly
* Higher training standard
* High Pressure
* High drop-out rate (50% for my year)
* Tend to be more similar to airline training
* Tend to has more experienced aviator as lecturer / professor / instructor
i.e. Someone who has fly/work in the industry for 40 years
* You need to pass some BS subjects for graduation
* Lower student/instructor ratio
* Balance between single crew and multi crew operation
* Required at lease 3 years to complete your training
* Required to attend uni lectures/tutorials for 1.5 years
* You can forget about having any long holiday for 3 years
* Mon - Fri
Flying School
* Cheaper
* Can tailor your own training schedule
* Allows 'Part-time' study
* Theory course are designed to assist you passing an exam
* Tend to be more focus on single crew operation
* Required less time for training (2 years?)
* You can have a long holiday anytime you want
* Mon - Sun
thats all i can think of at the moment. hope it helps