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I went to film school:
Florida State has a great program, but it's pretty hard to get into nowadays...only 20 students or so, but they pay for everything you shoot.
I opted not to go into the industry, but lots of my classmates are doing very well in Hollywood or more local areas.
Most of us felt like film school was a good experience, but we probably should have just spent that money on making a film. Learning the fundamentals will help you a great deal, but not necessarily get you a higher-ranking job in the industry, you'll probably have to start at the bottom no matter what.
I agree with what everyone else has said, work on writing and re-writing some good stories, shoot & edit video every chance you get. This stuff will become your résumé.
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