As a Computer science graduate, I have to say:
No shit! The industry is terrible and has no standards (I don't mean level of quality but there is no agreed accreditation or methodology). If you do end up in a job you will most likely not use even 5% of what whatever school you went to taught you. You will likely work for peanuts as there will always be someone to do it cheaper (not always right, or good, or even usable). You will work with people doing your job that just lied about having any post secondary education. There is almost no ability to move up in any position in the industry, and like everyone I know that stuck with it you will have the same job until you stop working (you will have to take a side move into another department most likely). This is also the industry most likely to get touched by the "good idea fairy" so you will also be exposed to the highest levels of stupid, like 3 layers of outsourcing the NOC to an active warzone sort of stupid.
I should have known it was a bad idea in college when most of my classmates where ACTIVELY WORKING IN THE INDUSTRY TO PAY FOR SCHOOL so they could get a piece of paper that said they could do the thing they where already doing. But I did my 15 plus years and got out, I have my own business now selling drugs and it is way less sketchy.