http://www.bls.gov/opub/ted/2015/unemployment-rates-by-educa...
Employment situation directly leads to living situations. Unemployed? You're going to be in poverty or homeless.
Its hard enough to get a job today with a bachelors degree. Without one? Much harder, if at all.
Getting a degree is truly a life or death situation. With proper social safety nets, single payer healthcare, and so forth, it would not be. But the way things are today, it is.