Hey man! As a fellow NYC Film School student I could tell you that I've had my fair of frustraition over the years on wether or not my money was being spent well. At the end of the day the experience I learned working on sets or on my own projects taught me more about the industry then any of my classes. On the flip side, film school did introduce me to a lot of my friends in the industry who I work with frequently, as well as teachers.
As for now, my advice would be to reach out to any friends (contacts) you made while at school and see if you could join forces on something that will better all your careers!