Meh, maybe it's because I came of age during the first bubble... but I see life as a series of opportunities that open and close; they open and close in part based on your own attributes (e.g. you need to meet the minimum qualifications for the job, and you need to apply or otherwise make yourself available,) but also based on time, chance, and other things you don't control.
I got out of high school and got my first programmer/sysadmin job in '97 or so. (I had a few years of cable monkey and hardware/windows work in high school.) - But that was almost entirely timing; The minimum requirements in '97 were really low, due to the dot-com bubble; Pure luck, really. But then I was able to learn enough that I made the cut when the minimum requirements went way up after the crash. (There is no way I would have made that cut right out of highschool.)
If I had gone to college... well, it was really, really hard to find a job in my field with no experience, four years after '97. Maybe I would have learned enough in school to make the cut, maybe not. Maybe I would have been able to convince an employer that I was that good without paid work experience, maybe not[1].
Also, if someone else is paying for school? that's a big opportunity there, too, and it's possible that opportunity might not be there in a few years. (Is it a bigger opportunity than a job in the field you want? I don't know.)
But that's how I'd look at it.
[1] As a sidenote... if you are badass enough to go to school and have a job/internship in your field at the same time? that's best of all. Many of the best people I know did that. It's really difficult to pull off, though. I don't think I have what it takes to pull that off, not without stretching the school over 8+ years.