education without morality is very dangerous for the society. Educated people are more corrupted than illiterate in all over the world. so. this system of education has to be changed now. But there is a question , how it can be possible and which methods should be followed? Rule of law has an important influence on this but in some places this is not available. So in those countries morality can be the major influential power.
It is a sad reality, I guess. People who are educated should be more sensitive of the needs of others because they have knowledge at their disposal, plus they are more in the position to do good for other people. Unfortunately, due to greed for power, money, and everything in between, many people, like you said, who are educated, are the ones taking advantage of such knowledge to bring down people who lack on that area. They blind them with false promises only to find out that they are only doing "public service" to benefit themselves.