For the degree you get, ERAU is RIDICULOUSLY over priced. I guess if you like an $800/mo student loan payment for the next 20 years, its great. If its something that you can only get at ERAU, thats one thing (but then I'd wonder about its relevance to real world). Otherwise, I'd say try to find a similar degree at a state college and go that route.

I think a few more details about what you want to study and what your ultimate goal is might help you get some better responses.

EDIT: My girlfriend went to Stanford and got her degree for just slightly more than what an ERAU grad will spend (assuming 4 years start to finish and NO flying). Put THAT in your pipe and smoke it.