It was for me. My life has been transformed by higher education. However, I am aware that college is not for everyone.
Here are some interesting thoughts:
http://www.theatlasphere.com/columns/080926-williams-higher-education.php
I teach part time at two colleges. I see students that are positively affected by education. I can also show you examples of students who essentially wasted their time and energy.
Those who pursued higher education, have your life changed because of the education? Or, are you now saddled with college debt and have not been able to find a job?