Beyond that, it really goes to show how much the university system is now simply a credentialing system for certain individuals, so long as they maintain the correct group affiliation it have individuals that can make the necessary donations (and make sure it stays discreet, unlike the recent Hollywood elites). Is there a place where individuals can study, and question, and learn? Unfortunately not at the university.
Don't you remember that blacks and women - incorrect group affiliations! - used to have a really hard time going to university?
Or the schools that generally didn't accept Jews? As I recall, the 'well-rounded student' euphemism was because Jewish people tended to do better on entrance tests, so there needed to be some justification for discounting that.
Or, recall how the universities (for rich people) used to have entrance examinations which were biased towards the material taught at prep schools? Funny how poorer people didn't learn so much Latin at their schools.
There's certainly places where 'individuals can study, and question, and learn' - try smaller universities where people aren't fighting for the name cachet.
And ... stop the bad habit of thinking "person X went to Name Cachet university therefore is more likely to be a good job candidate than person Y who went to Less Well Known university."