For a lot of people, going to uni is about more than just getting a degree. It's about the whole experience and how it prepares you for the life ahead of you. So does it necessarily "matter" if the degree leads to employment or not - does it matter if you finish uni and then have to do extra training to get into your chosen career - does it matter if like me you go to uni and then fall into a line of work where your degree is completely irrelevant. If you make the most out of your time at uni and get enough out of it then there is more to it than just academic / employment concerns.
I was always quite an academic type and did well at school and college, so going to uni to further my education was the logical next step. I wasn't interested in vocational training, I wanted to pursue a specific interest and it really wasn't a concern whether my degree would be relevant to my future or not. I also thought that going to uni would be great for my independence and self-confidence - I've always been very shy, and have a small comfort zone when it comes to socialising, so I hoped that moving away from home and starting a "new life" from scratch would help me become a little braver and more self-assured.
I flew out of the UK on the day of my graduation (July 2006) and have been working with horses since then. So in work / career terms my degree hasn't been relevant at all - and I doubt now that it ever will be - but I still don't regret doing it. My time at uni wasn't wasted, I was involved in a lot of things and really made the most of it.
The most character-building aspect of uni for me was the whole money thing. My parents were both made redundant not long after I made my uni applications, and then found very low-income employment, so they couldn't contribute financially. My student loan covered my rent / bills / tuition fees but I didn't take the full amount offered to me (less to pay back!) so for everything else the money had to come from my own pocket. I always had several part-time jobs on the go, and had to fit in work around study and my other commitments. It was quite stressful at times! So many of my fellow students had financial support from their parents, didn't need to have a job, and always seemed to have plenty of cash to spend... rather discouraging for those of us who had to struggle for money for 3 years.
I had to submit a portfolio of writing, attend an interview which included a 10-minute presentation and some practical tasks, and get three A's at A-level to get onto my journalism degree. You know, journalism, one of those "mickey mouse" courses that are really easy to get onto (...apparently...!). On my course I met a lot of very intelligent, creative people who would clearly have a bright future ahead of them whether it was the degree that got them there or not.