I simply don't see it. Will it happen on the marketing/Media level? Yes!!!
In reality, no way in hell.
Anyone in the real world will tell you that 4 year degree means NOTHING. I'm on my 3rd career and over 15 years of professional experience (I have no degree) and these kids that are coming out of college are no different than high school graduates these days. I've hired/worked with many.
Heck, most companies look at your work experience LONG before they look at your college degree/school.
At the end of the day it will always be WHO the person is (how they present themselves, who they are, how they get along/fit in etc) AND their willingness to learn. That's something that no college can teach.
But yes, our society/banks and media's goals are to extract 4 years of college tuition from each and every member/family. Don't buy into that crap too much. If you want to do a certain trade and college is the way to get there, do it. Just keep in mind MANY trades don't require college.
Our government should really outlaw worthless degree programs....and stop handing out loans left and right to everyone and their mother (read: work for the banks).