I'd go with W69 - It's great to see you guys planning to go for sponsorships/flying etc. as soon as you can, but a great & wise maxim in aviation (and life) is to plan for the worst; so that when you aren't burned alive/rejected from BA/married it comes as a pleasant surprise.
Have a back-up plan (mine was pay for it all myself, via a good job, via a degree) for when/if you don't get sponsored on your first application. If you do, hooray! But to ignore the alternative out of optimism or denial is crazy.
Pick a Uni, pick a degree course you will enjoy/do well at, and aim/plan for a non-flying career. Just never stop trying for a flying job en-route...!
Good luck
PS Oops forgot - not everyone wants to go to University, but it is still important to have a plan that doesn't involve living with your parents and working in a Virgin Megastore on Saturdays until you're too old for a BA sponsorship..!
(sorry non-graduate types)
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...proceeding below Decision Height with CAUTION...
[This message has been edited by AffirmBrest (edited 10 May 2001).]