I agree the answer is “yes”. But I think people are also forgetting that the reason college was a useful thing to pay for, was it was effective in differentiating between someone who was highly capable and someone who wasn’t. In a world where anyone can get a degree by simply spending enough time and money, there’s no real differentiation happening. Even if someone gets a degree, their fundamental competency (I guess I’m talking about something like IQ) is going to be whatever it is. And so it’s going to be hard to find jobs and the perceived value goes down.