There are tons of people out there with an education but not very enlightened about things. I hate analogies, but I've met several people over the course of my short life with degrees who have absolutely worthless educations. They racked up debt to work unskilled jobs, and complain why companies don't want to hire them with no experience, internships and lackluster academic records.
I know the paper makes people feel good, but at what point is our society going to start rejecting the feelgood, everybody wins attitude? You should not have to have a college education to have a good life or populace (look at America early 1900s and all the modern luxuries that exist today from that time period). Trades, entrepreneurship, etc are all alternative good paths that should be encouraged. College educations are nice, but there is a pretty long list of people who did not complete or even reach college who are successful and making contributions to society: