Two words of advice for you. Grad School....
I would not want to be trying to break into this business right now under any circumstances.
It is my strong opinion that flight school is waste of time and money currently. Will the industry turn around? Sure it will eventually, but you are really just rolling the dice on flight school hoping that it will turn around anytime in the near future.
I don't know how old you are but if you're young enough you might consider trying to get into the air guard. That way you can do both, fly and go to grad school. If things turn around you'll have the experience to get that airline job. If they don't turn around you get to keep flying and have job too.