That's completely fair, and I took classes with plenty of fizzbuzz-failers. I just wanted to represent the pro-college side as well as the pro-independent approach. One thing that college gives you (as a motivated learner anyway) is a large collection of co-learners and instructors who bring different specializations, viewpoints, and insights to a regularly attended, long-term assembly (aka class) with a bit more accountability. You can get something similar in places like this (web forums and chat rooms) but learning from a forum doesn't give you a degree, and--let's be honest--that can make a big difference if you're looking to apply for work afterwards.
Ultimately, it's all up to the individual, and there's no need to pay someone for the privilege that is inherently yours (to study).
If you're just learning to learn, take whatever approach you want. I got my IT certification by spending too much money on coffee at a local bookstore (well, I studied for it that way, Barnes & Noble doesn't give CompTIA tests). People have been wildly successful and dismal failures using both routes. But the degree-holding ones probably made it past more HR screens.
Edit: Good point about the youtube series, I had forgotten about those. For free, it's great material. If given the option, I'd prefer to be sitting in the class though, so I could ask questions that come up.
Edit 2: Just so I don't keep bumping this thread to derail it, I meant "accountability to show up", as in a peer + instructor group you can rely on to be regularly present. And counterpoints are easy to find for both sides, because it's not a black and white issue. My goal was simply to impress that both options are there, and having a degree doesn't *hurt* your chances of getting work. It just opens you up to a superset of the jobs seeking programmers.