I think in the States it's pretty clear cut that it's not worth going to college unless you're doing a technical degree that's directly linked to a high starting salary.
In the UK where the loans system is a bit less ferocious it's still very much the most accessible path to a higher wage - 50% on average more per annum after 10 years.
I give it another 10 yrs until it's not worth it!
Apprenticeships are a better option for most I think.