You're going to college? Are you sure that you don't need a pair of 45 RPMs or Samurai jeans? You also need a good hoodie. I wore a hoodie and Samurais every day of winter, and I loved it.
With the money, I suggest:
45 RPM Sorahikos
White slim-fit Brooks Brother's non-iron shirt
You're pretty much done with all of your basics after that.