Quite on point, and to collaborate this I will say it's high time we as parents help our young change the narrative making them to understand that even without having to go through the four walls of a university you can still progress and live that great dream. With the right digital/tech skills you wouldn't be needing any university degree to excel because currently we have very a few persons with the tech skills that are highly in demand by many organisations and companies unlike what we have now many universities graduates with disciplines that are not invoke and needless for demands by companies and corporations that are into digital products and services.
Yes, it might happen in some countries but in this case for some other countries there is a situation where academic degrees are always a mainstay for success or even work where when we do not have a degree from a university then the job we want to get can be hampered.
As is happening in my country now where currently the benchmark if indeed a more decent job then a university degree must be the initial capital for that because for junior high school or senior high school it will only be used as an ordinary worker because the benchmark is like that and it is like a culture every year where economic strata, jobs and others there are academic degrees that can also be the determinants of this.
Although I do agree with what you said because in the end the university will not make us successful without practice but on the other hand academic degrees are the goal so that not a few people in my country whose goal is to be at university to get a certificate so that future jobs will be a little better not focusing on education.