It depends on what you're planning to do with your life after college is done. If you're going into something that requires a lot of scientific/math work, I think college is going to be a necessity, unless you're Doogie Howser or something
For other jobs such as anything in business, it's not really a necessity, but the thing is that while you can get a job without a degree, advancement is going to be hard to do. Let's not forget that for every Bill Gates Harvard-drop-out, there's always going to be hundreds, if not thousands of drop-outs that are getting through life by the skin of their teeth.
If my memory of her has an expiration date, let it be 10,000 years.
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