To what extent is education important?

The following is an excerpt from a samvaad (dialogue) session with Acharya Prashant.

Question (Q): Acharya Ji, I was reading one of your articles on education in which you have said that our normal education is important up to some extent. My question is, ‘Up to what extent? Who decides that extent?’

Acharya Prashant (AP):

Formal education is