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Bad idea. The reasons are pretty well covered in others' replies.
I would like to address the other issue though - and this isn't directed only at you, but at everyone with the entitlement mentality that thinks getting a degree is an immediate ticket to riches: College prepares you for an entry level job, not "Director of (your specialty here).
The general formula is a fairly easy one:
education = decent job
experience = decent job
education + experience = much better job
Yes, there are exceptions to the rule, but most people must spend some time at the bottom before they rise to the top.
Also, 3k a month in New York City wouldn't pay the rent, but in Northern Wisconsin, it would cover a mortgage on a fairly decent house and two car notes... so you may need to look elsewhere.
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