I do not necessarily disagree with your viewpoint on this. However, I do feel that you are overgeneralizing to too far an extent. First and foremost, you must concede that there are certain fields where a college degree is essential. Medicine would be one. Secondly, imagine a child from a low socioeconomic background with none of the resources required to be an autodidact. In such a scenarios, community colleges and schools of the source provide a vast amount of opportunities.