Welcome to JC Kyle. It sucks sometimes trying to balance everything but you should really figure out what's best for you. I agree with Pedex, do some research and consider you options. Although there are a lot of people who didn't agree with my decision not to get a loan for flight lessons, it's working out great for me. I love taking the slower pace and the instructor I have is awesome. Right now, I'm working two jobs, going to college part time and taking the flight lessons. It's not idea but it was and still is the best option for me.
However, I have to say, school sounds like a great idea. I wish I could have gone right out of HS. The way it's going now it's going to take me about 10yrs to get a 4yr degree. Take advantage of the fact that your parents are willing to pay and get your education!!!
This site has been a huge blessing and resource for me and I hope that it can be for you too. Make friends, find a mentor, ask questions, and have fun!