Polyester suits are the way to go - check out the 'grab bags' at swimoutlet.com, they have all kinds of random patterns, but I got what amounts to a $70 swimsuit for $25, worth getting an odd patter, in my opinion.

They make swim shampoo/conditioner and bodywash - I don't use them, but you could give them a try. Also, I've heard that breakouts can be aggravated by dry skin, which chlorine does, so make sure you put a non-pore-clogging lotion on after you shower post-swim (I use gold bond, which doesn't say won't clog pores, but it really helps).

Alternative to the swim shampoo - see if you can find a saltwater pool in your area, they are soo much nicer to swim in.

And DEFINITELY go for a master's program, it's worth it, and the Master's program that I swim with, there's the full range of swimmers, from former All-Americans to novices.

Good luck!