HectorD:
What do you want to do?
By getting your Private Multi now, what is that going to accomplish? For other than flying around, to be useful, you really need a
Commercial Multi with Instrument privileges with about
100 hours in a multi for anyone to look at you.
If you go to SLU, what is the career path for flying there?
- Private Single
- Instrument Single
- Commercial
- Commercial Multi with Instrument privileges
- CFI
- CFI-I
- MEI
In which case you should just wait, like RomeoSierra suggested and do a commercial multi with instrument privileges.
So, what are your ultimate goals with flying? Do you want to fly for a regional airline and someday maybe a major? Do you want to fly charter or freight? Would you be happy flight instructing?
What about your degree? Do you know how much a
professional pilot makes? Do you know what an
entry-level engineer makes?
A new hire first officer makes about $20/hour before taxes which works out to around $20K/year their first year. It gets a little better the second year. I think an entry-level engineer, straight out of college, is going to make probably twice that, if I were to guess.
Also, consider that even at the best regional airlines right now, captain upgrades have completely stalled. Upgrades are taking about four to five years at my airline now and flying hours have been cut back drastically.
Don't get my wrong, if you were meant to fly...fly! Just be aware of what lies down the road.
If you are looking for something to do this summer, get your ground schools out of the way: Instrument, Commercial, and ATP. They are good for two years after you take them.
As for getting your multi- rating, I would say pass.
If you want to spend more money on flying, fly cross-country and work towards getting the hours and requirements that you are going to need for your single-engine commercial rating. Keep your skills sharp.
I hope this helps! Good luck!
Jeff