Might’ve been useful once upon a time, but:

1. Education and knowledge is free online

2. Networking can be done outside the confines of a college campus (and arguably better, since you’re networking with actual businessmen, not classmates).

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It is still useful unless you’re taking 6 figure loans to study gender theory. Maybe for some careers you can make do with the internet self directed learning.

Can’t become a doctor online

Networking at an ivy league campus > networking at your local community college