college is probably the only time in your life that an entire team of domain experts will be obligated to take time out of their day to meet with you and answer your questions, however silly or low-level they may be.

as a professor, college is one of the only places where you can get paid to work on things that not only have no near-term value, but likely will never have any practical value at all! (I guess this could also be an argument against college...)

I do think there is a problem with the way people understand college. outside of a couple majors (ie computer science), college should really be considered something like a luxury good. it isn't economic in the sense of dollars, cents, and balance sheets, but something that has it's own intrinsic value for those who take advantage of it (a distinct minority of undergrad students).

disclaimer: I think I am one of these people who college is mostly wasted on. I don't go to office hours, participate in clubs, or really do anything other than really good work on programming assignments and cramming for exams. I'm mostly in it for the piece of paper.