Age 26
Twenty-six years old is certainly not too old to train and start a flying career. Your Bachelor's degree checks off one square already. Perhaps you have contacts at FedEx that could provide LORs and/or could steer you to the right places.
A professional aviation career is expensive to start, requires a major commitment, and demands big sacrifices. The rewards are very uncertain. There are plenty of people who start their aviation careers and end them at the same airport, without getting anywhere in between. Don't go into to it for the money. You really need to think about it carefully before starting.
Further,
RkyMnt1 said:
One note on flight training. What you learn at the beginning will be the building blocks for later training. You don't want to have to unlearn things and relearn them correctly. Don't skimp on the training. Interview the instructor. Look for experience and competent teaching techniques. Ask the pilots for recommendations.
(emphasis added)
I second this wholeheartedly. Get the best training that you can possibly afford. Do NOT follow my example of earning ratings with an instructor who owned his own airplane. At the time it was a good idea, but when I got my first job it became apparent that he shorted me on many things. Try to train at an operation where flight training is not a sideline.
Finally, briefly, P-F-T means "pay for training." P-F-T is an employment issue. A pay-for-training situation is one where a company might offer you a job but as a condition of employment one is required to remit money to the company to pay for one's training.
P-F-T boils down to buying a job.
At least one regional airline, a number of freight companies and at least one charter company that I know have P-F-T programs. You can usually tell if a company is P-F-T if its advertising talks up "First Officer Program," "First Officer Training Program," "Build Quality Time for the Airlines," etc., or "Guaranteed Interview," etc. P-F-T is aimed at people who believe that they can bypass professional aviation's traditional timebuilding and experience-building process. Aviation is a conservative and traditional industry that frowns on short-cutters and end-runners; accordingly, pilots who have built their experience traditionally loathe those who try to end-run the system.
Once more, run a board search of "P-F-T" for as many discussions as you might care to read on this issue.