Good for you. I'm usually apart of the libertarian crowd of qualifications: You prove you're capable with example, not credential.

This is due to my view of the cost of college, and my success in IT without higher learning credentials. That said, I would definitely give advice to young adults now that if they are going to college, they should either go for their masters/doctorate, or an advanced bachelors like nursing, law, or engineering. Anything else is just a waste of money. Everything you said about bachelor degrees is spot on.