I am a current member of Embry-Riddle. For me it is well worth it but I am not going to school with the ultimate goal of being an airline pilot. As an active duty military member in aviation, Embry has a campus on my base and it is extremely convenient to go to school there.
The degree I am pursuing is professional aeronautics with a minor in technical management, which will assure that I will always have a job in a field that I love or a job somewhere. Lets face it. The FAA is tough and with never knowing what tomorrow brings, things like loosing your medical could have you unemployed and on the street in no time at all if you put all your eggs in the pilot basket.
I think Embry Riddle is a great school but I would seriously consider getting your degree in an aviation related field that the FAA cant take away from you at some point.
I am currently working on my degree with embry and the intent of moving on to their Masters program. Also studying to get my A&P outside of the school environment and starting on my sport pilot license in FEB. all while performing my everyday job as a helicopter rescue crewman and aviation machinist .
Even without being an airline pilot im so involved in aviation that I am pooping feathers and I would recomend a path similar to anyone just so you can move around within the community should you need to for health reasons,job availability, and or location.