Not anymore, not nowadays. Not in a time when lots of "higher ed" is about work skills.
For example, 6 million Americans attend community colleges. That's a lot. They are not there to study Shakespeare and Plato. They stop by to pick up credits that help them apply for work: medical coding, computer coding, hospitality jobs, turf managment, nursing aide ed, etc etc.
When hiring goes up, off they merrily go to paid employment. Public Officials’ Fixation on College Completion Is Misleading