Is college worth it?

Hello there everyone. Well I haven't been blogging in a while. This is mainly due to the fact that I have a mountain of work to do in college and plus the fact that work has been really, really busy so in essence I just haven't had the time. Back to my topic, Is college worth it? You see I'm asking myself this on a daily basis for the last few weeks. The first time I went to college I studied professional cookery. I loved it and the career path was very simple. You were a commis chef for the first few years until you got some experience under your belt and then gradually with time you moved up the ranks and you knew your goal was to be a head chef. Hey presto career path. All was going well with my career path until I suddenly realised that I didn't really want to be a chef for the rest of my life. I thought I'd quite like to lecture in hospitality. So therefore I started my degree in hospitality management. Here I am 28 years of age, I've spent the last three years studying, the end is very near. Everything should be very clear at this stage, I should have a definite plan, but I don't. I have no idea where this degree can take me, and from asking advise from other people there are way too many options to decide from. So basically I will have to go back out into the industry and start from scratch just like everyone else. My point is that from my experience I know that this can be done without a degree. If you start in a good hotel you can work hard and move up the ranks gradually. So did I just waste the last four years of my life studying very hard to start at the bottom?. This question troubles me. So to finish off, if I don't get offered a really good position with a comfortable salary somewhere once I finish my honours degree I will be extremely distraught and will definitely arrive at the conclusion that maybe college wasn't worth it after all.