I would agree with your general point that communication, understanding process & procedure, etc are useful skills for IT.
But that's not what I am talking about. And again, my overall problem with my university experience was inefficiency, which I can only ascribe to lack of care / focus as to actual education.
It's not like admin / bureaucracy existed and were paid/incentivized to teach me how to get around them and instill valuable theoretical or practical skills :). It was school of hard knocks, slow and painful and self-guided and frankly hateful; and I don't have to PAY to obtain that self-taught experience - I can be PAID to obtain it :). Or at least, I can pay to obtain it more efficiently, intuitively, with both better understanding and practical tips.
What you describe in the last sentence is a gate, and I to this day (20 years later) resent investing so much time, money and energy for a simple gate - sure "there's value in that", but it feels like Stockholm syndrome / rationalization of sunk cost trying to justify it; there are better, and let me say it again, more efficient ways to satisfy same goal.
Everybody's experience differs; there are people who enjoyed university and found it a rewarding experience. For myself, much as I love learning and CompSci, as much as I've thrived in IT and still enjoy learning, inasmuch as I now guide and coach my teams on precisely how to communicate to non-IT, look at goals, understand process etc - it was ultimately an extremely inefficient experience.
Nowadays, I take classes from vendors, community colleges, online, private instructors in IT and music and photography and whatever... short and long, surface and deep, and I love it all. "Here's money, give me KNOWLEDGE". Whereas, my personal university experience was far different.