It is certainly a tough discussion and a lot of different people stand on both sides of the fence.

If someone is trying to be a doctor, lawyer, chiropractor, dentist....etc they pretty much have to go but then outside of that it becomes questionable.

In a lot of ways it becomes a sorting mechanism for a lot of employers. For instance if they are going to recruit at certain Universities they are already assuming that the person had to be of certain intelligence levels to even get accepted into the program. Then after that they will usually say they won't hire anyone with lower than a 3.0 GPA so they are further filtering out people who they assume aren't working hard enough or don't have the mental aptitude to excel to a certain degree. I can tell you this. It was a lot easier to get interviews with fortune 500 companies when I was in college than after I was out because they were coming to campus to recruit.

As far as the money situation. I see so many people making what I consider to be stupid mistakes. They won't have the money to go but then they will get student loans to go to a private University instead of going to a State school. I have seen that over and over again and have seen people rack up $60,000 in student loans that they really can't pay off.

Again I'm not saying that college is worthless but a person has to be calculated about it and in my opinion if a person has to take out loans of more than about $10,000 for their Bachelors degree they maybe shouldn't do it. People make the mistake of thinking they are going to automatically be making $50,000, $60,000, $70,000 right out of college and will be able to pay $30,000 or $40,000 off quickly but it certainly isn't the case.

I also know people into their 40s who have college debt.

It is hard to know what the right answer is and what to tell someone