actually you'll probably be making less than that.
look for entry level game industry jobs. None of them are 40k, and very few are entry level. Even w/ a 4 year degree, and a good portfolio you won't find well paying work in the gaming industry w/out experience.
The game industry is very catch-22/secret society. You can't get a job until you have experience, and you can't get experience w/ out a job. And with good reason the gaming industry has a lot of inside information which is kinda hard to explain until you've actually done a development cycle.
As far as schooling goes I can't say I've heard of too many actually bad schools. Sadly most people think "hey I'll graduate from here, and get a job". Well that's not the way it works in the game industry. Developers don't care about your degree or where you got it, but they do care about your skills (which you may or may not of picked up while working towards your degree).
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