Has your education paid off?

I’m talking formal education as it seems to be a big business these days. A bachelor’s degree now = a high school diploma 20-30 years ago. Colleges (and certification mills) are advertising like crazy in the newspapers, radios, and on TV. Millions of people are going into debt to fund their education, whether it be a college degree, vocational degree, or certificate.

Obviously there isn’t a job for EVERYONE who invests their time, money, and energy on schooling. Have you gotten a degree and it hasn’t paid off? Do you know anyone who has? I’m kinda curious as I’m considering furthering my education (grad degree) but not so sure that it is worth the time and hassle as it seems the job market is oversaturated with college grads.