Yes and No.  It depends on a few circumstances.

When A College Degree Is Worth It

If you get a scholarship, then by all means, get your college degree.  The only other circumstance that getting your college degree is actually worth the thousands of dollars in debt is if you are majoring in the medical field, the mathematical field, the science field, or the engineering field.

When Is A College Degree NOT Worth It

College is not worth it if you are majoring in a field that is heavily based on social skills or creativity.  Instead of being thousands of dollars in debt, you can build your resume through work experience.  Majority of employers require years of work experience over a degree.