im very fortunate to make a great living. There are people who do what i do without a college degree (sales).
There are, and always have been im convinced, more opportunities available to me because of my college education. I didnt go to a super prestigious college, but i did learn invaluable communication and critical thinking skills during my college education.
to each their own, but Ken is right on with the stats.
regarding a company that would avoid college educated applicants as a cost cutting measure, i think college educated applicants would be well advised to avoid that company.