Upon further thought:
I know photographers who make solid funds with a photography degree and those who do well without it.
A degree in photography from a
good school is not just about how to make a well exposed print or a list of rules to mug up. It will rather guide you to find/hone your
individual voice - which I believe is the most important asset above all. Now tie that up with an education in business/marketing/branding (not necessarily a degree, even though it would not at all be a waste) and drive; I dont see why one must starve.
I agree with the above advice that education will open doors that otherwise would not budge.
I also agree with that in order to just make money in photography you do not necessarily need a photography degree. If Richard Branson could start and run an airline company with no prior education or experience in the field, so can anyone run any business, as long as it is backed by ample drive and passion. I'm all for entrepreneurship. But when it comes to creative business, if your forte is just in the business side of it and you don't have a body of work that sets you apart, clients will choose you based on your Price List and the 'free' key chain

. It's not at all bad if you have no complains about it. But most of us, I'd assume, would primarily want to be known for our work.
Therefore, in order to be truly successful and free from insecurity (you will not worry about that new photographer who set up shop next door, because clients will be choosing you and him based on the work), an education in photography, business and experience (which you should start doing part time while in school, so by the time you are out of the school, you have portfolio & exposure and are ready for world domination

) will help you a lot.
Just one opinion though.