My useless degrees really stunted my career. Man I should have just winged it like a few peeps I know who make 1/2 of what I do with no real job security.
You guys are way to narrow minded.
Those certs are useless. A degree not only teaches you many great well-rounded sets of info (so long as your smart enough to understand what classes you're picking) as well as demonstrates you can work on long-scale multi-person projects.
You get out of a diploma what you put into it. In hindsight I would not have gotten my MBA solely because I've decided I don't want to walk down that path. But, my BS in CS was a gold mine and has payed for itself many times over. Had I wanted to go further in the executive chain, my MBA would be more than worth it as well.
College may not be for everyone. Some .. very few can be very successful without any upper education. It seems far smarter to me to gain that knowledge and experience to dramatically increase your capability to be successful in something you enjoy than to jump head first into the shallow end of the pool. But good luck to ya!
I don't think anyone's suggesting that you shouldn't go to college, just that the college experience could be better tailored to student's needs, especially given the high cost of attendance.
The letter in the OP, meanwhile, almost feels like a commentary on how colleges have the balls to ask you for money almost as soon as you graduate, as if you're not spending the next ten years essentially still giving them money (not really, but you get the idea). He says what we're all thinking in that regard.