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i guess this sounds unpopular, but i vote school first, then travel. the main reasons for school were stated above; not for the actual "education" that you'll receive, but more for the social aspects and contacts. school really isn't about brain candy so much as it is for meeting people, and in the art field it is good to feed off of other people. travelling by yourself will expose you to new things, but you'll need feedback that you might not necessarily get outside a classroom environment. unless you're extremely outgoing, travelling solo can be lonelier than you think. i only have a two-year degree, but with that degree i've gotten to travel extensively with my work post-college, and make good money while doing it. you can also explore schools that have semester-abroad programs.
luckily, with the camera, you should be able to do some work outside school and continue building a travel fund while you're attending. don't be afraid to look at other ways to make money with your camera. you may just be interested in artistic photography, but portrait work pays well, and you can make a killing in a day with wedding photography. my mom's a wedding photographer and depending on your area you can make a minimum of $1000 a day and probably max out at $5000. school during the week, one wedding a saturday, by the end of the summer wedding season you have enough to travel for a year.
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