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Do you think going to college is important?

Something I learned by going to college is that it's huge amount of money being paid for self studies. I learned almost everything from the internet and from studying together with my friends. Surprisingly many of the straight "A" students know nothing beyond the lecture notes, they memorize it then spit it on the exam papers. There are smart students I know who are not good with exams but they have practical knowledge and how to apply the knowledge in the real world, but they don't get recognition.

Seriously I had to go to college to realize that a degree doesn't mean much, and that there are too many smart-asses than actual smart people.