Arlington being so close to Waco, why not go for the MUCH less expensive option of TSTC-WACO? They offer ratings through CFI - AND - an AA degree for a price tag of around $35K in about 18 months. TSTC is a State funded school, so they cover costs but don't make a profit on flight training. I've heard that it's one of the best kept secrets in flight training from a cost/quality perspective.
www.pilotcollege.com/