I wouldn't think that degrees should generally be obsolete in the time it takes to get the degree. My computer science degree from twenty years ago is mostly obsolete but now I have the experience. From a financial perspective, college degrees are most helpful when initially getting a job in that particular field. The more years experience you have, the less important the degree is for that purpose.
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Not all degrees suffer from obsolescence, but many have a short shelf-life if you don't keep up with changes in the industry.