I've been in IT for 10+ years and not all of my work experience is in IT. I'm self-taught (mostly trial by fire), and my lack of a college degree never affected my career goals....until I was put through the wringer during a trial that I was a witness in. "Yes, I did the forensic analysis. No, I only have a high school education. No, I do not have special training. No, I do not have any type of training or education beyond HS. No, I do not...." I was mortified to be in the position I was in. Here I was thinking that I had put the final nail in the coffin of the case, and in my eyes, I was the biggest idjit out there.
I went and registered at community college. I threw up on my first day of class, afraid I was going to be the oldest one. I'm 5 semesters into night school now. If I were younger, I'd be finishing up my freshman year. In addition to mandatory classes such as algebra, history, and literature, I've taken classes that have made me take a different look at my IT world around me. I've been able to make suggestions that is getting management to consider me in a different light.
I waited 20 years after high school to go to college. I'm now in the transfer program, and am looking at graduating with a full 4 year degree from a major university.
I can't say I regret my decision after HS, but I wonder where I'd be if I had gone to college. The biggest thing that I've learned so far is that 20 years ago, degrees didn't matter as much as they do now. Competition is fierce, and if you don't have multi-layered, multi-decade experience, you better have a degree in addition to knowing what you're doing. Some people that are at least as old as I am have gotten by without degrees. However, now that I've figured out what I want to be when I grow up, I know that my education is going to make me more valuable to my employer than I am now.
I've always lived by the rule of "never pass up an adventure." Well, I passed the best one up, and I passed it up when the parental units were offering to pay for it. Now, I'm the one forking it out and am limited to what I can afford per semester. If you have the opportunity to go to college, I encourage you to go go go! It's not a Bad Thing to do for yourself, and the only thing you may miss out on is years and years of working your way to the top instead of just taking the elevator.
Sorry if this is lengthy, but I'm seeing more and more degreed people in the now worldwide hunt for jobs. Sooner or later, I'll be one of them. That feeling is priceless.