Do we need University degrees to succeed in these times? Google announced it is hiring employees without college degrees, and Ernst & Young made a similar decision in the U.K. last fall. Time for a discussion, it seems. Thanks Sonika for sending the link.
Think about it: Which is more indispensable to you in your job — your university education or the university you have in your pocket, your smartphone?
American universities need to change. The current $1.2 trillion in student loan debt is crushing graduates. Total student loan balances have tripled since 2003 and are the second-largest category of borrowing after mortgages. If major employers like Google and Ernst & Young see less need for a college degree, and if other big companies follow suit, then students are paying an exorbitant price for a product of decreasing value.
Needull in a haystack 
I think most industries when not limited by regulations have figured out that a 1 year certificate in specific training is likely more valuable then 4 years of a little of this and little of that
I do not think college degree mattered much to companies like Google even before this announcement. If someone has the extensive programming skills and knowledge on algorithms, then why would Google even care what her/his degree is?
That is right. They did hire through programming competitions.
Loved this prospective! So interesting as i have just graduated!