I worked as an office manager for an actuarial firm when I was 25. They offered me a promotion to assistant actuary -- for the same salary I was making. Because I did payroll I knew that the other assistants were making many thousands more.
"Well, THEY have college degrees," I was told.
Because I kept the personnel files I went back to see what these degrees were all about. English literature, social welfare, and american history are the ones I remember.
I'm not the brightest bulb in the chandelier but they didn't have to tell me twice. A degree may not have helped me make more, but it could sure be used as an excuse to pay me less. I turned down the assistant's job, took my 2 yrs of Jr. college and applied to "the big kid's school." Got a BA in Philosophy.
Now, that in itself didn't get me big bucks, but it did pave the way for the MBA (which I hadn't considered prior to the BA and couldn't have qualified for without), and for my career thereafter.
Oh, by the way, I also learned to reason logically, which is an easy thing to undervalue until you meet a few people who can't or won't do likewise.
For me, a degree isn't JUST about what I studied during the time it took to earn it, it was also about opening doors and training my mind to successfully navigate my choices as they appeared.
I'm wiling to bet (though there's no way to prove it), that I'd be a very different person without it.