I agree. As someone who teaches in an establishment of higher learning, I often recommend to some very smart kids that they leave university - before they get into a lot of debt - and invest their energies elsewhere. University just is not for some people and it's certainly not for everyone. Indeed, it shouldn't be for everyone.
It's a product of poor governmental education management that thousands are pressed into higher education when it does not suit then. The dichotomy that all smart people go to university needs eradicated.
Some of the most intelligent and vim-filled people I've ever met never attended school past the required level, my hardworking and very successful father among them.