Might’ve been useful once upon a time, but:
1. Education and knowledge is free online
2. Networking can be done outside the confines of a college campus (and arguably better, since you’re networking with actual businessmen, not classmates).
It is still useful unless you’re taking 6 figure loans to study gender theory. Maybe for some careers you can make do with the internet self directed learning.
Can’t become a doctor online
Networking at an ivy league campus > networking at your local community college