Mr. Crabtree
I fully realize that this isn't what you want to hear. Leave the money in your college fund.
Yes, there's a metalworking program at SIU-Edwardsville. You might also want to look at the Ornamental Ironworking program at the American College of the Building Arts in Charleston, SC. Pretty amazing program there, taught by many full time smiths, including Philip Simmons (talk about a living connection to our trade's past) and Jay Close, as well as others whose names escape me. I'd give my eye teeth to teach there -- and tried -- but couldn't even get past the door for an interview. Because even though I've got many years experience in the trade, most of it full time, most of it teaching the public, plus additional experience teaching other subjects, as well as gigs as a guest speaker in a couple colleges -- I don't have a degree. DON'T LET THIS HAPPEN TO YOU.
You mentioned wanting to maybe take a business course to teach you how to effectively run a business. There is no such course. You need to take several courses...and find a mentor, and still stumble and make mistakes and learn from them. You'll need to take courses that you don't want to -- trust me, I did not want to take macroeconomics or art history. Both have had positive impacts on my careers (though I have to think hard about the positive impacts of macroecon...they're there, don't get me wrong, just have to think what they are :mrgreen: )
Please don't misunderstand, I fully support your goal of becoming a full time professional blacksmith. There's no reason that getting a degree will stand in the way of that goal. Getting the education can only make your life easier.
There are other ways to get money for tools. You've got a pretty decent set up now. Gas forges can be helpful for production -- you can work multiple pieces in the fire with less concern about burning them up. But they aren't essential. A power hammer -- air or mechanical would be a good addition -- you'll also need a compressor if you go with a utility air hammer. I'd also add a drill press to your list. Depending on what you want to focus on, an ironworker might come in handy.