Don't shoot the messenger here. I'm a ex-Navy guy who went to ERAU on the GI Bill. I left recently to get CFI/take a job as a dispatcher, but from what my buddies in Daytona told me is that the Dean of Aviation held a meeting with the flying student body about the new rule and how it's effects them all. He basically said to sent in their views and opinions and that it could likely change the rule and allow for me flexibility in the time requirements. He went on to say that many of the regionals will find it difficult to get all pilots to ATP mins and hire people with the ATP going forward.
Seems like they are blowing a lot of sunshine up these guys behinds, or it might hold a little validity. Who knows.
Should be interesting to see how it all pans out with big bad ERAU, UND, and the regionals pushing for this law to go away more or less.