You have to do something...doing a degree would certainly help with regards to getting a job...although you might consider doing something not related to aviation. I did a degree first then the pilot training. I feel much better for it since I also have a number of years in a different proffession (degree related) and if I were to lose my flying job I could, with a little effort, get back into that carreer. Aviation is a very unstable proffession to be in especially at the moment. University is a good laugh too...what would you do if you found a flying job half way through the degree? If the answer is drop the degree, maybe it would be a wasted effort? It is a difficult choice!