Why is higher education so important? Can anyone provide insight please. I am a former university dropout and would like to go back

As the title suggests, I really don't think university education is very important. In the workfield, if you're the type that can get things quite easily then I think you could go far. However, I feel like I should weigh the options of going to university and how it would affect me in the future. So for those that have finished university or have some experience in the field, could you edify me?
Thank you.
Its safe to say that I'm arrogant at times, but asking questions will help me in the pursuit of knowledge .

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