Depends on what college you go to, and what for. Illustration? Graphic Design, those are the top art degrees and art related jobs. Art allows expression of self, and attraction for an audience. Fine Arts allow for more free thought but usually tend to lead for someone wanting to major or minor in something supporting the choice.
As a previous student and now with a degree, the classes I took in college to improve my art were so much more fulfilling then the liberal arts that supported the education value.
Art is beneficial to all students in that it allows for an expanded observational skill set and improves ones ability to discern experience that is not inherently their own. Art exposes students to the realm of aesthetic and otherness. This experience opens one's mind and improves empathy. Art can be a beneficial subject to investigate for more than just art majors. For instance, business majors can investigate financial and economic aspects of art, science students can study its involvement of chemical processes, and English majors can find a plethora of new words and metaphors in the fine art world's lexicon, diction and formal written criticism. Take care