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