it really depends on where you go to school and what you study. i know people with college degrees that are as dumb as a bag of sand, yet somehow they "earned" a degree. they have no critical thinking skills, no ability to clearly articulate a thought, and no desire or ability to understand the world around them. they got the degree because they showed up and did the assignments. guess who never gets promoted?
i went to a community college and can say first hand that anyone could get a degree there. a friend of mine was once very proud of himself for finally getting an A on an english writing assignment. i asked to read it and it was the most pathetic piece of shit i ever read. there was bad grammar for which no points were lost, and the paper itself was just a mess. it sounded like someone who listened to "smarty talk" and tried to replicate it without understanding it. his professor was a joke.
i, on the other hand, had a hardass english professor and got the first A he had handed out in almost 3 years. the guy had a 2 page key with size 10 print to decode the corrections he made to papers. do you think the guy doing the hiring is going to be able to distinguish between the two of us? nope. all they know is we both got As in english. try putting that other guy on the phone to talk to a big client. go on. try it.
that being said, the sick sad truth is people doing the hiring need a nice simple checklist when they hire, and a degree is at the top of that list, so it's not pointless in that regard, but not all schools are created equal, so if you want an actual education you can expect to have a stack of loans to pay that may or may not be worth it.