There are people who fail out of college, but are then successful anyway, and then they come complain that the formal education system is a failure because it didn't work for them.
There are others who graduated with honors from college, and lambaste those who failed out because they "didn't try hard enough" or "they just couldn't cut it."
Both parties are wrong. Formal education doesn't work for everyone, that doesn't make it inherently evil. Not all universities are extremely formal. I, for one, went to a university that catered to different kinds of students.