That seems like a naive assessment of an education model that is failing across multiple dimensions of analysis. It saddles many students with crippling debt. It monopolises some of the most productive years of a persons life studying subjects often of minimal practical value to their future careers. It drains public funding and resources.

You say more highly educated people is better as if its a truism, it doesn't seem so clear to me. I don't see why, for example, someone spending their early 20s in an apprenticeship, doing vocational training or in an industry learning on the job is inherently worse for them or society than receiving a higher education.

Just about the only unambiguous positive I can see in university is the chance to grow and learn as a young person in a social setting, freshly independent of parents. But surely there are more efficient approaches that could be employed here.