I absolutely agree. Many people have told me that any kind of extra "schooling" is unnecessary and every employer wants 2-3+ years of experience which for me sounds ridiculous. Let's say I've just graduated how am I supposed to find a job when they want from me to have experience...?
Here in Bulgaria many graduates are not only working in McDonalds etc. but a lot of them don't have a job at all.
I think it's good that I've realised it before I went to college/university.

PS: What's the thing with @melip ? :)