This is the opinion using the extreme outliers but...
But in it's defense, I got an IT degree (actually I got 3 degrees, but that is a different story) and I can honestly say the only thing I learned that is real-world relevant is the jargon/naming conventions for stuff I already knew.
So basically I learned how to properly name and refer to things in a way that management would NOT understand.
I am all open to knowledge, however the academic systems are unable to keep up with their current models.
A 12 year old reading up on the internet and letting their natural curiosity set them on their journey for knowledge while having someone to chat with who is more progressed in their journey will learn more and actually understand it, instead of being a memorization or boxed in college student.
All a degree is a piece of paper that say you have some background in this field and you are capable of learning to meet the minimal expectations of your professors.
Please note, I was not a slacker in college, I got 3 degrees in 5 years time and had an overall GPA of 3.8.