This article is going to be controversial, because nowadays it's an article of faith that if you go to college you will be much better off financially than if you don't.
I don't think that everyone benefits by going to college, and I don't believe the statistics that claim to show that going to college makes you earn more money. It's true that the large group of people who went to college are making more money (per person) than the large group who did not go to college. But could that be because the people are different? Could it be that the people who went to college tend to be more willing to study and persevere in a regulated environment than those who did not go? Could it be that those who went to college had more aptitude for white collar careers than those who did not go? Could it be that many of those who did not go to college would have done poorly in college if they had gone? Could it be that many of those who went to college would have done well even if they had not gone? All of those things seem likely to me, so my hypothesis is that the difference between those two groups of people is mainly due to differences in their personal characteristics, and not because one group went to college. Of course I'm speaking statistically, not for every single individual.
So I'm advising you to go to college if you want to train for a white collar career, or because you seek knowledge for it's own sake. If you were thinking of going to college because your friends are going, or because your parents want you to, think twice. Do you have any other good options? Are you prepared to attend classes and do lots of homework for several years?
Now to be better off financially as a result of college, it's not enough that you simply get a higher paying job than you would have otherwise. You will have to earn enough extra money to make up for the 4 to 6 years that you spent in college, the experience or training that you will miss by being in college, and the money that you will have borrowed. For example, if instead of going to college you learn a skilled trade that is in demand, you are likely to be earning good money and be better off than many of your high school friends that went to college. Of course that's not necessarily true for those that have the dedication and talent necessary to become an engineer, attorney, physician, accountant, or other well-paid white collar careers. If one of those careers is right for you, then by all means, go for it!