I do agree that many people overrate education. Speaking in terms of my country, people and the majority believe that education got from high priced institutions offer better education. Parents send their kids to schools which demand high fees. Also, they send kids to training institutes which offer entrance coaching for the IIT's. Most parents do not even bother to ask if their wards are interested in technical education and literally force kids to pursue science.
Those who do not learn science are not looked on with respect. For example, I am a sociology graduate and have been looked down with disrespect because I am not an engineer, doctor or banker. Teachers are not respected very much and are often blamed if the students do not perform well.
Education however is very necessary. students can be home-schooled but the parents should make sure that the kids also receive some exposure to community interaction as well, if possible.
In my opinion, people should be trained in some basic skills before they are given the option to pursue skills in colleges. Also, if a student is taught to cook, clean and look after oneself and respect others, he or she will not look down on workers who do these jobs on a daily basis.