Well, really....what IS the value of a college education today?
With the recession, so many people have gone back to school for graduate degrees that the Masters is rapidly becomming (if not already) the new Bachelor's degree.
But the reality of it all...it is complete bullshit. Going to college doesn't guarantee success, or even a career. Hell, it doesn't guarantee you sweet fuck all...you have taken 4 years and god only knows how much money that got you a piece of paper that suggests you should be able to do some task with some level of competency.
Now, if you're my doctor...yeah, I want you to have that piece of paper that says "M.D." on it. I want my lawyer to be able to read and interpet legalese (although, quite frankly, I do a better job of it than most of the lawyers I know). I want the engineer designing the bridge to have a P. Eng. and actually understand that shit, since lives are on the fucking line. But for a netadmin? You come in with a 4-year Bachelor of Science in CS looking to get an entry-level netadmin post I'm going to see you as vastly over-qualified and probably reject you flat out. Fuck, in my home province, it is mandatory for a librarian to have a minimum of a masters degree for a job that paid in 2004 less than 40K a year...make sense out of that fucker. The poor person we hired at the city the one year had something like $100K in student debt & pratically cried when she saw the offer.
The education bubble is the next great crash to come, where people finally stand up and realize that getting fleeced for $40K a year by an institution so that little Timmy can have a degree in Mediterranian Art which will serve him well while he cooks fucking fries at McD's for the rest of his life just isn't fucking worthwhile, and you will see a re-surgence of cheaper "technical schools" that teach you what you need to know in your chosen profession & fuck all the pretentious bullshit.
Of course, they (the schools) have "educated" us all on how special and unique and wonderful the fucking college experience is, and how shallow and empty your life will be if you don't go to university. Well seriously, fuck that shit. I drank beer, fucked girls, and even made the occasional class when I was in college. I could drink beer & hire a metric fuckton of whores for the prices universities charge today.
Education is an over-hyped over-valued industry, and it is just a matter of time till the public tells universities to go fuck themselves.
(As I funnel absurd amounts of my pay into college funds for the kids...yeah, I'm a fucking hypocrite)