There are several and a lot give aid but :
I am going to say no… Don’t do it. Bringing you down to reality.
If your really serious get evaluated before you waste your time. Just falling in love with theater and seeing plays and getting a part does not make you a musical theater actor.
Why liberal arts colleges (where do you live to make suggestions easier) is so when you change your mind you can take classes and get your degree in something else. You might want to do a BA with theater Vs a BFA. The BA will let you take academic classes also… BFA(much harder and auditions, portfolio etc) is very selective.
So why do I say this.
My daughter went to a private small pre - professional high school for musical theater, dancers, writers, artists, musicians. They all had to audition and many traveled “hours” both ways to attend including all days Saturdays. These were the cream of the crop kids. All singers and musical theater performers had almost daily professional singing lessons. They had professional acting coaches brought in to work with the kids. I could go on but for starters… This is your competition. These kids not only knew the plays… They knew who produced, directed, did the wardrobe and who did the choreography.
For musical theater, unless you are naturally talented, you have to be a “triple” threat. Dance, Act, Sing. Most if not all of these kids had years of all the above before their 4 years of conservatory type high school training. Many are going to the schools mentioned plus Pace, Emerson, Illinois Wesleyan… Etc etc The musical theater kids were in the same dance class with the kids that went to Juilliard /Joffery
You have to have a large back bone. Just getting criticized for your acting, dancing, singing is tough. Seriously…
These kids would get a show down from start to finish in 2 weeks including blocking. You have to be able to memorize your part and pretty much most others also incase there is a mistake you know how to handle it.
My daughter was in the musical theater portion of the school. Their high school performances were better then a lot of small theaters that we have in Chicago… Just amazing. She focused more on design and as a sophomore - senior designed a lot of the full production shows. She went on to a BFA in theater design. After her first year she missed the academics so switched to a BA in the same. But her responsibility was the same. She was in the theater nightly to at least midnight, starting homework at 2:00am sleeping a few hours and repeat. Some how she was on the honor roll.
She changed her focus to performance studies and now schools. ;She the last 2 years has been creating plays for Autistic kids and the lgbtq communities. This is how she is taking her love for theater and combining her interests. Still in college she has worked professionally in Chicago and as the Art director on a movie in LA.
Now the main reason :
Most of these hyper talented kids realize, once they see the national competition plus maybe getting burnt out that they want more. Many changed their focus to something else like computer science, math etc. Some combine their interest but many drop out of college since the cost are $50,000 /year and they don’t want to continue till they know what they want. They get stuck paying after 6 months deferment. You still have to pay back loans etc . Many that do continue end up working low pay jobs and act at night. Many are creative thinkers and can go into business or work on a team etc.
The ones that go on to steady work are few and far between. Much easier to get work behind the scene like most these tech work then in front of the stage.
So yes, love theater. Go to a school that has that and if not a serious BA or BFA program… Try out and be in plays and have fun. If you have the talent someone will let you know and on to hours of auditions to get multiple rejections.
Sorry to be so gloom on this. I just know many, many kids that went this way. Again going to a school to study what you love and being in some plays is great. Also know very few colleges do musical theater. Some do plays and maybe 1 or 2 musical theater productions every other year so really research schools.