This misses one of the more important roles of a degree. The degree isn't to show you that you know what you're doing, it's to show everyone else that you know

This misses one of the more important roles of a degree. The degree isn't to show you that you know what you're doing, it's to show everyone else that you know what you're doing. Whether or not that ends up being true is something else, but I tend to believe that you get out of a good university what you put into it.