Damn. I had typed out at length how I handled the same dilemma, then I lost my connection and everything I had typed. So this version will probably be a little shorter.
Went to Indiana U., where there was no film program. Majored in Telecom, with emphasis on TV/Video Production. Minor in comparative Literature which was really classes in film history/theory/criticism/genres.
Had a few video related gigs, then moved to NYC. Eventually got into freelance PA work. Hated it to death, but had some interesting experiences and came away with a few interesting friends.
Now I do office work, Executive Assistant type stuff for a company that's "non-pro". In my free time, I try my hand at screenwriting, just like every other human here in LA. The dream remains alive. The practicalities of life andmoneymaking just got in the way.
And I live in Silver Lake.
I have often thought about getting more schooling, but it gets harder and harder the older you get. I kind of wish I had done it straight away after undergrad. Some film students I have talked to had very few good things to say, most said it wasn't worth it.
I agree with Jack's statement that it depends on what you want to do. If you're determined to walk out of film school as a director, go that route. If you aren't sure then perhaps some PA work would help you figure it out.
Mr. Ruby, I saw in another thread that you did your grad school at IU. Very cool. My sister, while she did not go to IU, is starting grad school at UT in the fall.