Easily the most outlandishly wrong statement I've heard in years. Except for a very narrow set of STEM courses (such as analytical chemistry) the vast majority of a college education comes about through nothing more than reading books and writing papers. This is something that many folks are entirely capable of doing on their own.
Edit: The strongest proof I have for this sort of thing being the case is the prevalence of people with the "wrong" degrees. For example, one of the most talented developers I worked with was a physicist by education. One of the reasons why this sort of phenomenon is so hard to study in the developed world is because pretty much any individual with the dedication to study any subject is going to be able to get a 4-year degree in that subject in some way (the cheapest way being 2-years of community college for a transfer degree then another 2-years or less at a state school). Given the value of a college degree as a credential there are very few people who wouldn't make that choice.