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I would argue that opportunities are missed because of being in school too. Like in engineering, life is about managing tradeoffs and choosing the solution that best fits your individual goals.

Blanket statements of "you should go to school" or "you should drop out" are meaningless because they ignore the conditions under which the choices are being made. It is kind of like saying "you should use Ruby," even if the problem space turns out to be small embedded electronics.

It's good to equip potential students with information, but trying to sell them one way or another seems kind of dangerous. You're going to leave them trying to run a massive Ruby on Rails application on an 8-bit micro, so to speak.