Not just in America, i think all over the World the hype of degree is superfulous. I Hold an equivalent to degree in Electrical Engineering and i get shitty job offers and most Graduates don't know half of what i know nor the hands on experience i have but still treated fairly.
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But was college free for you or did you have to pay the cost of a house to get that degree?
As a matter of fact i did pay for everything, dropped out some point to work and complete my Higer Diploma in Engineering spending 9 years for a 5 years program.