Earlier quoted context omitted.
College isn't broken, it's just not for everyone. I don't regret my 4 years one bit, it was the best period of my life. I had some amazing social and educational experiences that I wouldn't have received had I not attended - who knew religion and geology could be so interesting? Most importantly I received a CS degree which helped me transition into the real world and be successful today. You may feel it was a waste…
The point is there's nothing you get from college that you couldn't get for free somewhere else (Internet for info and Industry gatherings for social aspects). College puts it together in a nice, easy to digest package but they vastly over charge for it. The college model is still based around a philosophy from the 1800s when they were the sole providers of information.
Even if you think university will teach you absolutely nothing, you've got a one-time offer from society that we're going to subsidize anything you do for the next four years and not have any expectation that you'll work for a living during that time. This offer is essentially only good once. Take it.