Both my wife and I have college degrees and we were blessed with a fine education. But if I had it to do all over again, I don't know whether it would financially be worth it. I'm not alone as there are many other people, according to this article in the Washington Post, that have been deliberating over that same decision.
No doubt part of this is driven by economics and specifically the cost involved of sending a child to college. It may well be that we are seeing a higher education bubble about to burst.