It depends. What are your objectives?
If your only objective is to make more money, don't go. Study after study has shown that wealth does NOT correlate with success in school. Spend those four years starting (and probably failing) companies, and you'll have infinitely more experience and value than any college graduate, regardless of their school.
On the other hand, if you're looking for a relatively stable, well paying job with advancement options, then maybe school is a great idea. You'll never make as much money as the dedicated, risk-taking entrepreneur, but you'll have a much more comfortable life, especially in the beginning.
And yes, go into a great school will also surround you with some brilliant minds. I don't regret getting my degree one bit because it exposed me to more brilliant people than I could possibly have met anywhere else. It transformed me into an entirely different person.
Financially, it was a stupid decision, but intellectually, it paid off in spades. Then again, I'm a bookworm, and my intellectual growth is hugely important to me. If it's not important to you, then being around brilliant people is irrelevant.
Best of luck,
Jon
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