I was lucky enough to have a lot of opportunities in life. I have all the degrees, up the chain to the top (BA, MA, PhD). I spent 9 years doing a PhD at an R1 research university in Maryland (most here can probably guess the place).
The only reason I went through all that education is because it's a 'union card' for what career path I pursued.
Here's my viewpoint on higher ed:
1) Back in the day (18th-19th century), a college education's purpose was to produce a well-read *gentleman* of society. They not only taught philosophy, history, the classics, but also how to be a top-tier member of society. I wish colleges emphasized this today.
2) Even today, the purpose of college is to train a person how to think critically. This is a skill that *does* take formal training for most people. It takes quite a bit of work to learn how to appreciate Shakespeare, Dickens, Aristotle, Plato, Kant, and the like.
3) Unfortunately, colleges today have become largely 'secular seminaries', where the mission is to indoctrinate the students in nonsensical themes like 'social justice' and 'power dynamics' and how 'racist, homophobic,bigoted, sexist, islamaphobic' America is. All of this is a secular religion, with dogma and a doctrine of beliefs.
Do you *need* a college degree today? No. But if you have the opportunity, and already have a head screwed on straight, it does bestow a great benefit to the mind.