How do you like MTSU, I've considered it.
I looked at almost every other collegiate aviation program in the nation, and I'm here, if that tells you anything. It's the best mix of program quality and cost effectiveness I could find. Also, I like the area and campus better than the others I looked at. The program is great, as someone who has experience with both Part 61 and 141 programs, I can definitely say that the knowledge level of the pilots in this program on the technical subjects as a whole surpasses what I've seen from most Part 61 programs. Feel free to PM me with any questions. Or, I see you're in Tennessee, feel free to come by sometime and I'll be happy to show you around and put you in contact with the people who can answer any questions beyond what I can offer.
Also, yes, it is 3 hours towards the 120 required to obtain the degree, as well as the 60 hours required to qualify for the RATP reduced minimums.
A quick word on collegiate programs. I find that the cost/benefit of going Private through CFI is not there. However, where it pays off in our program is Instrument, Commercial, and Multi, which are the only ratings you are required to obtain through the university. We operate on the FITS proficiency system, reducing the amount of hours required for those ratings. I took the cheaper route of getting my Private and CFI elsewhere, and doing the three required ratings through MTSU. This ended up being the most cost-effective way, mostly due to the condensed Comm syllabus. It is true that once you get this degree, you are limited to aviation as a career. However, the airlines require a degree, and it's becoming more popular with larger 135 operations. I would have been miserable chasing a degree in Business or something, but the Aerospace degree allows me to learn something I actually care about.
My last disclaimer is that my only affiliation with the University is that I am a student, and not an employee, so this is my honest opinion on the matter.