Spending 4 years at ~19-22 living on your own without a job near a lot of other intelligent 19-22 year olds is a lot of fun. The skills gained are minimal, but the credentials are worth something so why not?
But, that's no reason to actually higher someone because they have a collage degree ed:In the computer field. So, yea I am glad I went to collage, but I don't care about degrees when looking for people and I feel little need to subsidize other people going to collage.