It depends per case, my friend kept studying while I dropped out (due to private circumstances).

My friend ended up at the same employer for the same pay only years later, he wasn't a good fit for his field.

A few years later I jumped ship to try and develop myself into a better paid job, I am now an actual crane operator with a beefy wage. My friend is still there making the same low wage.

But he got lucky on a different matter, due to him living at home until 33 he did manage to buy a house with massive savings. I haven't yet.

This is life, there aren't any given certainties. Only people who claim their experience will be the same for you.

It opens doors. Once I finished mine it got me into the rooms for the interviews. It's nothing more than an additional bonus qualification. I definitely use my knowledge from college in a variety of scenarios whereas my colleagues have experience.