Tony said that because he knew a good college education, the kind you rightly lament, would often be the first step to leaving religion, especially the WT. And for him, that would not be “good” for your kids.
You are agreeing with his final conclusion, but for completely different reasons.
That being said, I think there are still some non-politicized, decent programs remaining, mostly in STEM fields. If the leftist mentality takes hold in these areas, then yes, college would be a complete waste. The cost is barely worth it now.