True, if the final degree is a mere BA. As I say in this thread, the earning power of BAs/BSs has shrunk, barely above that of high school grads, but the earning power of post-grads, especially engineering, law, medicine, and business has grown substantially.
Danko and Stanley's "Millionaire Mind" and "Millionaire Next Door" research showed that most millionaires did not think their education was the PRIMARY cause of their success, but all of them cited it as "a" contributing factor.
It's just depressing to see how cost prohibitive it is. We prepared for four years of school for two kids, not eight.