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The first truth is that this is a big decision. It is a decision that has many pros and cons: from credibility, mainstreaming, lifelong friendships, and pre-reqs for worthwhile advanced degrees on the one hand to binge drinking, staggering debt and subsequent indentured servitude, high drop out rates (especially for males), aimlessness, and protracted adolescence on the other. Selecting a college is also a different decision than it was 30 years ago, or 20, or 10. College costs have been rising faster than the economy and inflation for decades. Meanwhile, the predictive value of a college education is going down as corporations are increasingly less likely to provide extended training resources and opportunities to new grads. This is a result of the average length of tenure for new employees going ever downward.
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Clark Aldrich (Unschooling Rules: 55 Ways to Unlearn What We Know About Schools and Rediscover Education)