That's a good point. Many new college degrees are the equivalent of an old high school diploma, which homeschooled students already have. Until the subprime-student education bubble plays out, a college degree doesn't mean much.
Something just occurred to me...
since college degrees aren’t worth much anymore...
and since the ACT/SAT is supposed to measure your likelihood of success in college...
why not just judge someone by their scores instead of their degree?
Cheaper, eh, to take the test and not actually go?