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Arguably, there's a third option which isn't really explored. Don't go to college in the first place. You save on the tuition and you get a jump on finding the industry you like and the work you really enjoy doing.
Sure, some companies might pass you by, but generally if your work experience looks good, you're obviously bright and capable in interviews, then things like college education matter very little in the long run. I have never really run into issues with not having a college education.
I'd agree with you but it doesn't work for all career paths / all companies / hiring managers. But here's another infographic to argue the 3rd option for ya :) http://www.degreejun...des/college-worth-it