Do you mean that a "college degree is a waste of time and money unless you want to go into academia"?

If you had to decide between dropping $X for a computer science degree, and $X for e.g. some liberal arts degree, are you suggesting that the liberal arts degree is a better investment for a career as a developer?

I'm not sure if you're making a statement about how things should be or how they are. Because pretty sure 90%+ companies still value computer science degrees.