Interesting reading from From Marketwatch:

families may not mind shelling out such big bucks if the investment pays for itself, and then some, in higher compensation down the road. To help readers make that kind of calculation, SmartMoney offers its annual college survey, a bottom-line approach to the academic experience that doesn’t mind imitating the rude uncle at your family reunion — the one who insists on asking everybody what their salary is. And unlike many of the best-known college rankings, it’s a contest where the winners don’t always hail from the usual tiny pool of top names.

Big Black Scholar encourages you to go to college. Why? Because its better to have it than to not.
With that being said one really has to choose their college right, or be prepared to deal with what’s going to happen afterwards. For Black and Brown students, it can be more difficult, but there are also fewer expectations of things being handed to them, and unlike white students who have been able to enjoy the benefits of being white with a degree, minority kids know that they have to go out and get it, nothing will be handed to them, one could call it a sort of entrepreneurial spirit based on the realities of being non white.

One argument could be made that where one goes to school is not as important as getting the knowledge and one should choose a path that is most economical than the most prestigious, but one cannot disregard the benefits of the connections one makes in particular schools, Ivy League, etc… But is a 6 digit debt with a cloudy outlook on employment worth the extra expense?