All the benefits of going to university only come into play if you actually leverage your experience (i.e. go to class, work with professors, network with profs and classmates, get decent grades & follow the structural rules necessary to get the right degrees, etc.). Getting into the right departments (and meeting their standards) is a key ingredient of this (sure, their rules might be quirky but they are the established social benchmark right now).
If you don't want to leverage your experience then you are in the wrong place. Though keep in mind that the inability to leverage a opportunity-filled environment like university is also a big warning sign for your future entrepreneurial career.