Nowadays to have a good platform for life, University is vital. Colleges, I would say are second to Universities and you can't comapre the two. My respect comes from educated people and nowadays even one undergraduate degree isn't enough, you need to keep updating to post grad, masters etc.
Doing this will ensure you have a great platform for life. You may argue you can get away without it, but life will be much much more tougher if you don't go and you don't apply knowledge in the field you would like to study. It also gives people respect, rather than someone who did nothing about it. Any of Unin in the eyes of an employer makes you ten fold more likely to land a job in the specific area of study.

