Then you look at the other side. A college degree is definitely no guarantee of making more money or of a "good" job.
That is very true. It helps with the qualification process for certain jobs, however, the area you live, the degree you chose, the type of job you try for and the company you work for all will determine whether or not a job is *good*. Same thing with money.
As for financing.....
There are many options other than scholarships.
I was not an A or even B student. I was a B and C student. I ended up going to a community college for 2 years. I took out student loans, got a Pell Grants (based upon need) and worked.
http://www.ed.gov/prog_info/SFA/StudentGuide/2000-1/pell.html
http://www.studentloanalliance.org/history.htm
While JW parents did not plan for college or have funds set up ( my mother did not...she decided during May of my senior year of HS I should go to college) there are ways to go, if you try.
Between loans, grants (need based) and working, it is possible to cover costs....I lived at home the first two years and lived in the dorm my Jr. and Sr. year. I saved alot by living in a dorm. I was one of the oldest people there. There were three men on my floor (I lived in a co-ed dorm) that were in their late 20's; they were all freshman....