Not open for you Zach? But you are almost accepted to ROTP! You should have no problem with CEOTP. Personally, I think you are better off in ROTP. double if I may, I suggest you stick with ROTP. I know, I know - I am lingering but I saw this and couldn't resist on the way by.
My advice, for what it is worth, but as someone who does part time studies in the civie world, get the degree out of the way in ROTP!!!!! ROTP is an excellent program. Keep in mind CEOTP is part time so you will have to do this on your time and for a very long time. Wait for them to let you know if you are in to ROTP or not. Then apply to CEOTP if it is still open should you not be accepted. Believe me, I know what you mean about wanting to get on the job fast but according to many discussions and to what I have read, there is close to a 2 year backlog in the pilot training system (Moose Jaw). May as well get the degree in basket weaving out of the way in that time since you already have a year completed. Yes, you would have to wait on top of that for Moose Jaw but the degree is over with.
Some other factors include pay/benefits and the time you owe back. I guess it depends on how important these items are to you. But for some it is really important.
For pay/promotions under ROTP, upon completion of IAP/BOTC, you are promoted to 2nd LT and receive back pay for your time in St.Jean. CEOTP'ers are OCDT's until they time they earn their wings or are MOC qualified. They are not promoted until that time. You can spend close to five years with that pay but the length of time as an OCDT will depend on how long the line is for Moose Jaw. With CEOTP, You go from OCDT to LT (skip 2nd LT) once you are MOC qualified. During your time as an OCDT, you will be making around $2400/month plus annual increases as time goes on. Not exactly sure; I can't get to the payscales for some reason.
There is also the amount of time you owe in return. I think ROTP is 7 years CEOTP is 9 years. When you start paying that back, (after BMQ or when you are MOC qualified) not sure. For me, I would have been a lifer but not everybody is in it for the same reasons. For example., some have "Big Red" or a civie commercial career on the brain after the CF.
Just some advice from a thirty something guy who has tried a couple of times a couple of different ways. If I could rewind ten years, I would get the degree out of the way and go DEO or ROTP.
Zach, CEOTP requirements are: Basic Pilot requirements + credits that will get you accepted at a university (in a nutshell.)
NO flight time required. I bet that receive a lot of applications from commercial pilots out of work who don't have a degree or those who have an Aviation Diploma and no degree. That is why you may hear of a lot of CEOTP applicants with flight time. The aviation industry is very tough to... for lack of a better term...get off the ground in. CEOTP is a great program for people in this situation.