I don't entirely disagree. But I would tend to make this a more generic statement in that you get out of life the equivalent of what you put into it.
I personally don't place much stock in university/college degrees. I'm one of those people that bypassed that system and am quite successful by simply learning what I need to excel at my job. I've met plenty of people with masters degrees and higher that couldn't think they're way out of a wet paper bag. I've also met people with lesser or no degrees that are quite brilliant.
That's not to say that there isn't value in colleges and universities. Some people thrive in those environments and learn very well in those environments. Others learn in much different ways. A degree alone is no measure of a persons aptitude.