Re:"College Degree" == "trainable" (Score 1)

I definitely think that is the track that young IT seekers should be thinking about - the "trainable" model vs being "trained" to do something. But one other major point to consider is WHERE you want to work. My good friend dropped out of college and got a great consulting job - but the company has headquarters in New York (we're in Toronto) and it is nearly impossible to get a US (and I'm told, most other countries) work Visa without a college diploma. Luckily he was able to get a lesser degree from what corses he completed - because otherwise he would have had to turn down a $250K US/year job! So If for nothing else, consider your diploma your "travelling pass" - there are a lot of opportunities for tech's who are willing to move.