Hello Shane
First you need to take one thing at a time, you practically ask us to advise you on every aspect of your life.
I am just afraid that school, work, and my social life will seriously all fail if I try to take on to much?
No one can advise you on that, it really depends on your efforts. One thing is for sure, all those are things you will need to deal (and turn down a few) if you want to have your own business. Having a business is hard work and it takes a lot of time out of your life. Studying and having a business is harder because you have schools responsibilities and clients on the top of your head asking for their videos (believe me I been there many times).
Should I transfer to an art school?
Just study something that you really REALLY like and in a place you love to be in. In school you learn from others and it prepares you (at least a bit) to life situation. So if you have the opportunity to study, don’t turn it down.
