It's all about what you put into it. Just make sure you know what you want to do and have an idea on how to get there.
College is only a ripoff if you're overpaying. My undergrad degree was a ripoff, my graduate degrees were well worth it.
No it's not. Be real for a second.
The loans are high. As long as you aren't a Psych major, it's worthwhile. It opens up doors to careers you can't have with just a highschool diploma.