Now, your friends may be more than capable at succeeding in university, and if a school only took the time to get to know them, they might see that, but, on paper, they look the same as someone who likely couldn't succeed in school (because they haven't, really, up to that point).
That all sounds all horrible about universities, disregarding these capable students because of an inability to really get to know prospects, but that's not on them. If you want to get into a good school, try harder.
As far as it defeating the point of getting an education, I'd wholly agree that college is not a worthwhile pursuit for a future-SE if your only reason for going is to get a job. You'll spend a lot of time in college learning skills that are not directly applicable to your future employment. You could arguably get to a point where you're good enough to hire more efficiently by skipping school. Whether or not it's worth passing on the things you really won't experience outside of school in exchange for a more efficient route to money is really up to you.
Can you code and are you at the level we need for the position? There are too many programmers that can't pass FizzBuzz but have CS degrees.
Our educational systems are broken yes, but what is even more broken are our memories.
I think that dramatically enhancing human memory is possible, and I think it's critically important.
Or hack whatever is broken with the educational systems around the world. I'm still in school (technical highschool, programming focus), and none of my friends that is worth his salt in programming is good in school, and that puzzles me because they keep telling us that they're desperate for good coders. D is one of the best js coders I personally know, and he raves about it all the time. He dropped out of the part of the school that I go to (which would lead up to college), and likely won't stay in cs due to that. B is one of the best php coders I know. He's also a D student. A's good too, but had a 2.0 GPA as well.
There's a fair share of good potential programmers around (even though my observation might be somewhat biased), but many of them won't ever get into college. And how do you face HR without a degree? Go to hell kid, we want credentials.
I'm pretty sure you don't need more leads, you need better conversion, or else we're all going into marketing.