GO TO SCHOOL, GO TO SCHOOL, GO TO SCHOOL. In the long run you'll make many times more money with a college degree than you'll ever make as a skilled craftsman. In my industry (Aerospace), an engineer right out of school will start at $20 - $30 per hour, and go up from there.
Having some practical experience in addition to an engineering degree will make you a much better engineer. Society and the job market is changing, and the days of being able to make a good living without some sort of secondary education are fast disappearing.
Don't count on working full time and going to a four year school. It's possible, but you'll likely burn out long before you finish. I supported myself all the way through college going to school full time and working part time, along with some financial need based scholarships, and managed to finish a four year engineering degree with no debt (and no help from anyone else).
Why are you going to such an expensive school? You don't say where you're located, but there are state schools and community colleges that won't cost anywhere near $20k/year. I've put a couple kids through college, and I certainly didn't spend that kind of money.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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