It's just a bullshit place to go when you're too old for bullshit school and too young for a bullshit job. The only benefit of it is that it doesn't matter about your actual age, just the age you feel. Middle aged failures take degrees as "mature" students because they're still too mentally young for the real world and they've been falsely led to believe that this will help them. No-one's pointed out to them that "mature student" is an oxymoron.
But university is not a place to grow up. And, contrary to what most people think, it's not a place to celebrate your youth. It's the middle point in life - only not in the middle. It's the transitional period between virginity and addiction. This is no secret, but the common belief is that this passage eases the transition between the two. This is not true. It just prolongs it. Like an rabbit scurrying down a hole after a fox has bitten it's leg off. It's safe, but it's still going to die.
University isn't even a place to learn. At least not any more. There you simply find the exact same problems there were when you were at school. All you learn is how to pass exams. After that, you can forget it. Knowledge doesn't come from places of learning. Knowledge comes from everywhere else. If you're lucky, the most you'll learn as a student is that nothing will ever live up to its hype and vodka-redbulls are for fags.
But not everyone has these revelations.