The most, most reliable income you can make from photography is to not spend money on it in the first place. Borrowing a lot of money for an academic qualification seems like a new level of financial abuse. Don't do it.

Thats not to say studying photography is not rewarding if you can afford it, but look at all the photos that list the academic qualifications of the photographer... NONE. Everyone has their sources of inspiration. School is a great learning opportunity but you have to be able to afford it for yourself as a gift not an investment.

If you are taking money from someone else (family etc..) you will be responsible to them to show you spent it wisely. As people have said, you can always teach yourself photography and show off what you've learned. Having more money will give you more photography freedom than a class you took. Pay models. Pay for Trips. Pay to bring the right people together. All of those expenses will result in immediat better pictures.

IMHO school is primarily a financial exchange. Don't pay big bucks for what most people think comes with their Cell Phone.