Bachelor's degree is getting too pervasive nowadays. However, I think only 40 or 60% of adult population has one. The new thing to get is a master's degree, and even better, a PhD.
I went to college because there are many high paying low work jobs that require diplomas. For example, data entry, or admin.
Admin jobs pay 20$ an hour and you can only get one if you have a degree.
My motivation was to go to Japan to teach English. The only way to get a work visa in Japan is if you are a graduate. Now, teaching English in Japan pays 30 to 40k per year, pays about half of your housing cost, provides your transportation, and you only work about 20-30 hours a week.
Now, trade skills are pretty great too. I have friends that make much more than I do as skilled laborers. But you have to think of the trade-offs dude. They are laborers. Your body can only productively do those jobs for 20-30 years and then the prolonged stress on your body just decimates you. Bad knees, bad back, arthritis, joint pain, etc etc. Sure they may become higher ups, directors and such, or even start their own company. But the actual amount of work you have to do is much higher in a trade-skill than an entry level job.
Now, D21lewis did come out on a pretty good level, but keep in mind he did 2 professions in which his life was in danger. This is another way to get high paying jobs. Cops, firefighters, veterans, armed forces all get preferential positions when entering those kinds of fields. As a trade skill worker, you will never get the kind of job d21 has.
Anyhoo, I rode a full scholarship through college, so I have no debt at all and I may be a little biased, but keep in mind what a degree is. It's proof that you can put time and effort and resources into a long-term goal. It represents dedication and motivation. That is why a degree is valuable.
Also, cool story bro time: my friend took computer science and now gets paid 50$ an hour designing contraptions that can translate performance into data. For example, for a robot dog, they want to see how many pounds of pressure the legs are capable of pushing. So, he makes a set that holds the leg and creates a guage to find out the pressure. 50$ an hour. Compare that to the average trade-skill of taxing your body with carrying heavy loads and installing ductwork.