That depends on the person, doesn't it? I have a nephew that has had issues with ADD. He is an intelligent young man, but not cut out for the kind of butt-in-seat stamina that it takes to get a college degree. He is currently almost done with a commercial electrician apprenticeship, and has finally hit his stride. He is doing well in his job, and acing all the licensing exams. He also has the kind of personality that cultivates good customer relationships, which makes me think that in a few years he could easily set up his own shop.

Not everybody is well-served by college.

At least you get paid in an apprenticeship.

Every technical summer internship I worked at I got paid, roughly at the same rate as a junior engineer entering from college.

Do it right and you can get payed in college too. In Germany you have cooperative study programs for fields that are in high demand (like CS). Your degree takes 2 semesters longer in which you work at a company who pays you from start to finish of your study. Rates are similar to early apprenticeships if i am not mistaken. Also no strings attached, you can tell your company to screw itself after you finished your degree. Not finding enough people is a real issue in some fields.