Two more cents (you should have lots of them after this is over, hopefully enough to buy tools!)
I know ~10 people who have attended the CSVM, three have graduated. None have made a bass (that I know of...)
One maker (who graduated in the early 80's) has gone on to open his own shop, chased sales around the world and make a name for himself. He won't openly tell you he graduated from the school, he tells most people he got his training in Germany (where he worked on Strads etc.)
The other two make violins part-time, more as a hobby, and have day jobs.
Every one else has gone for a year or two and dropped out. One maker has pressed on to establish a name for himself (in Chicago at least) and sells his violins and does high end restoration.
Everyone else has gotten a job working for shops in Chicago doing setup and repair. The biggest reason overall people have told me why they didn't complete was something to the effect of:
They teach you how to make, but they don't teach you that once you graduate no one will want to buy your instruments. People go to school with the impression that they will graduate, start making instruments and be selling their instruments. It seems difficult for new makers to get established successfully as a known maker, especially competing with (Ever increasing in quality) Chinese instruments. These people figured out that whether they graduated or not, they would be doing setup & repair regardless for many years ahead.
One benefit of the CSVM is that they have a good reputation with Chicago shops for hiring grads/attendees for doing setup and basic repair work. Fred Thompson (who teaches most of the courses) offers a workshop where students learn to do repair by doing hands on repairs. Hands on experience is FANTASTIC.
I would highly recommend the Oberlin summer session; I've unfortunately never been but based on the high remarks from those who have it seems awesome.
I'm in much the same boat as you. I got my music ed degree and got into setup/repair. I've mostly learned from watching experienced repair people, asking lots of questions, and reading anything I can get my hands on. Good luck to you, PM me if you want to meet up sometime (I work and live in Chicago).
Edit: Generally, none of this is bass specific, except for the Oberlin thing.
