No. 1 School??
I worked at Riddle-Prescott for a year and a half and FSI-Vero for a year and a month. Therefore, I consider myself to be qualified to opine on both.
Both places do their respective jobs well, and, yes, both schools will suck off your money. Riddle indeed provides a great education. Riddle's ground schools are okay, but where Riddle excels is in providing a great education, in teaching flight phys, aerodynamics and especially systems. Riddle's flight training is okay. We learned and taught our students plenty about flows. Getting airplanes at Riddle was almost always a challenge because we always had plenty of students and not enough airplanes. When I was at Riddle eleven years ago students typically finished on campus before they finished flying, and had finished the ground school appropriate to their current flight course long before they would start the course. Therefore, flight line instructors had to provide a lot of remedial ground school training. That frustrated both students and instructors, especially because the ground school wasn't always in sync with the flight line. And we all must pass the same exams to teach the same subjects?
Riddle has an option to earn initial certification either in singles or multis. Most students chose the multis and graduated with at least 50 hours of multi. If they chose the multi track, they did get a commercial single as an add-on, but it was part of the course.
There's no question whatsoever that an ERAU degree means something in this business. Whether it carries more weight than a degree from Smallville State U. is always a subject of debate. Moreover, possessing a Riddle degree seems to antagonize a great many people. Riddle offers quite a few internships that can open doors.
FSI differs from Riddle. It is the typical large commercial flight school. Ground school provides a basic background and enough to pass the writtens. The flight training is fine quality. One thing I liked about FSI was spins and unusual attitudes were part of the course. When I was there they used 152 Aerobats and Decathlons. Now, they use Zlins. Initial certification for Commercial and Instrument is in the multis. I believe that it costs extra to earn a Commercial single. FSI was challanging because it would train people for their Commercial-Instrument in six months. Students HAD to keep up, or else. Ground school was in sync with the flight training. There were always plenty of aircraft. I don't recall ever canxing a flight for students because I couldn't get airplanes.
Of course, FSI has its connections, p-f-t and otherwise, with various commuters.
Hope this comparision furthers this discussion. Once again, both schools have their roles and their pros and cons.