Marduk has hit the nail on the head:
'They have $100K of college debt and want you to have the same. Misery loves company.'
Strictly speaking, nobody degrades Community College per se. They degrade concepts like self-reflection, intellectual freedom and moral fortitude.
Modern day universities are speculative assets; the purpose of university is to inflate rents, depress wages and increase socio-economic inequality.
Those are the main goals but they like to pick up extra points along the way:
If we can push students towards depression or even suicide, great!
If we can prevent otherwise normal people from being able to find relationships, (due to the increasingly lengthy times taken to complete both undergraduate and graduate degrees) great!
If we can devastate whole communities by making them reliant on one or two destructive local corporations, (such as DuPont) great!
If we can turn teenagers into hedonistic drones, willing to abuse children, the environment and themselves in exchange for a pat on the head from the Chief Financial Officer, great!
Nobody truly supports 'university' or 'education', because if they did, why would drop out rates be so high?
Why would so many parents refuse to read the financial aid award letter, if education were deemed 'so important'?
They DON'T value education.
They value the social safety and respect they receive, when they boast of how they sacrificed their child on a 10 year PhD program for jobs that don't exist, or a medical degree where 'empowered women' are expected to submit to invasive and dangerous procedures in order to receive a pass mark.
University has always been a waste of time, it was just a question of where you wasted your time, and with whom.
But now your local middle class parent wants their child to give up their health, intellect, and ironically, workplace skills, in order to gain a degree in repetition...