I think it's safe to assume it is. It's certainly a few years in the future, but the question is of course 'where' and 'why'.
Just to quote what I think are the most important clues regarding this:
Quote:
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Originally Posted by English Translation Page 98 Final Part
On the opposite side of the lawn, I saw a building that looked like a clock tower. Compared to North High, it was a ridiculously modern-looking school building. Also, the way the groups of students walked was more refined than that of high schoolers. Which college does this look like? The wind was warm. It's probably spring…
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Concerning the 'why' part, I've no idea why Haruhi would be dressed in 'kimono-like' clothing. Aren't you supposed to wear the uniform at the entrance ceremony?
