I'm quite a bit older and also very scared of coming out! However, I know deep down the truth is that the absolute majority of people will either be positive or -who cares-. Anybody who is going to think negatively for you to be yourself is not worth it, just keep them from the sanctity of your mind. You've been on this journey far enough that you know who you are and are probably are not interested in backing out, and I promise you, when my time comes, I know I won't be either either.
You have the choice to do it whenever you want. After one month of HRT is pretty soon & like you say, you don't have the wardrobe or grown your hair out yet. I honestly feel the same way, except, my problems are much bigger than what people will think. I would say you definitely want to do this before you hit the real world while you are still in school. In my case, it is more or less just family/work and maybe a bunch of people who used to know me. The work issue is probably the biggest thing, but believe me, it won't stop me. Yes I am scared, but at the same time I am more scared of not doing anything and living a lie for much longer.
I know the magnetism of coming out to people after you've decided it is what you want to do. Even though I'm not even on HRT, I've considered coming out in various ways because the wait. Take some time to reflect on what will make it the best experience possible for you. In my situation, I've decided to just keep going until it starts to become noticeable, then I'll start RLE. Let me know what you think.