While going to a university will obviously teach you a lot, I feel as if students are often able to educate themselves with books or online resources. However, I don't see the trend in businesses requiring college degrees changing any time soon. It's an unfortunate fact that in today's world you need to spend money in order to gain money.
That's not always true. In the creative IT industry, what matters is that you have personal or professional examples of work showing that you can code/design proficiently and you get the job. In fact, degrees can be a hindrance in an industry where technology moves so fast. By the time you graduate, your knowledge is obsolete.It's an unfortunate fact that in today's world you need to spend money in order to gain money.