Years ago, Kit Draby's magazine did an article on upt washouts, see if you can do a search on his websites. All in all, the article was positive for those who washed out in training. They were in some cases flying for the majors. It is no different than if you washed out of regional trining except you had it a lot tougher. Be honest and upfront and most regionals would be glad to have you. Good luck.