"a college degree made you stand out. But now that so many have them, it’s table stakes. Now, we spend four years and tens of thousands of dollars to end up in the same place."

That kind of depends what you're measuring, doesn't it? A better educated population is presumably generally a good thing. My life is probably more interesting because I spent 4 years at university learning.

Is that worth the price? I don't know, but it's not the same place.