Howdy! I'm currently in the SWA 225 Program. I started flying out of Easterwood working towards my PPL while I was in school at A&M. I applied to all available cadet programs at the time just after graduating in 2022. Right now I'm a CFI in the program with a new-hire class date set for early Summer 2027.
For some perspective on cadet programs, in 2022 only the majors were offering cadet programs and they were all marketed as 0 flight time to airline & having any significant amount of flight time was a hinderance on the resume other than a few hours to show you're seriously interested in flying as a career. Nowadays, regional airline cadet programs are looking like the best way to get priority hiring towards a regional airline after instructing to 1500 hours and an ATP. Some come with a stipend, some don't, some give you a mentor to guide you along, some don't, some have a contract, some don't. Each are different in what the outcome is and each offer different entry points in terms of flight experience. One thing is for certain - you need excellent recommendations to get in, preferably from someone in a seat at the airline of choice that can speak about their character.
I don't know too much about the regional airline cadet programs, but the cadet programs put on by major airlines are very competitive. Aside from the fresh-out-of-high school guys whose dad was a senior captain at the company, all are super well rounded guys. I'd say 8 out of 10 have a 4 year STEM degree. All had excellent rec letters, and all highly self motivated guys. Most failed little to no flights and no more than 1 checkride failure. Attrition was high and is even higher now that programs have strict minimum standards to remain in good standing. In my initial class of 17, maybe only 9 or 10 made it to working as a CFI.
As far as comparing what I've done so far to a guy going through their ratings on their own time it's hard to say if its worth it. I've had the backing of a major airline my whole way through, and that has opened doors to me that would certainly not be open to a part 61 guy. I got a CFI job that pays a 401k, gives health benefits, sent me to Europe for 3 months to get EU & UK flight instructor certs, and pays overtime over 40 hours - all because I was a "preferential candidate" for the job. I'll go directly from CFI to Major Airline, which is basically unheard of in the current market. A LOT of motivation is needed to go that quick under part 61 funding yourself. You really need to treat it like a full time job to truly succeed in my opinion.
That's the gist of what I can think of now. If you have questions you can reach out to me.
Class of '22