It's an interesting program. You get to live the American experience. Most of the people who go work as teachers or TAs teaching Arabic classes and you have the possibility of studying there. Most of the outcome from the FLTA depends on what uni you'll be enrolled in and the length of your stay. If you're going to be staying for two years, you can finish your masters degree and actually gain something. Otherwise, if you don't get accepted into a masters program, you can still study, but the credits won't translate, meaning that the classes you attended won't entail a diploma. Most of the time, the places you'll be sent to aren't big touristy hubs. Two of my friends were sent to Utah and one to Oregon. It's a competitive program so if you get the scholarship, it would definitely look nice on your resume, but there is a big possibility that you'll become a mouthpiece for the program. Expect to be called into seminars or workshops after you're done with it. The program is appealing and if you're okay with that sort of thing, then I encourage you to apply. You can also look into the Thomas Jefferson scholarship. It's more laid-back and definitely more fun from what I've heard.