Is not going to college for a developer viable in the current year?

I'm getting near college age, and I'm faced with a common question: "Should I go to college?" With my grades, I could get some good (possibly free ride) scholarships for decent technical colleges, but I don't feel that they'd be worthwhile, considering all my current programming knowledge has been obtained via the internet at zero cost and without structured classes. A four-year college would mean four years of my life where I could be learning in the real world, for much, much less, and without all the overhead of other, irrelevant classes. And this doesn't even factor in the financial aspect, which doesn't seems very good, given the mounting costs of universities in the US.

What do you think, and what was your experience with college or the lack thereof?

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