The Borg has no scripture to base their stance on education
This is a key point to me, and it has always amazed me how adamantly opposed to ANY sort of further or higher education the org is. There are plenty of scriptures that highlight the value of knowledge, of using the "power of reason", and so on.
The apostle Paul was a highly educated man of his time, as were a number of other disciples and apostles. His education actually became a benefit to the early Christians, as the org often points out (whether knowingly or not) whenever they talk about him reasoning with the Greeks about the statue to an "unknown god", being able to preach to "all sorts of men" (including kings and governors), and so on.
All of this points to the fact that being educated in a "worldly" sense is not inherently wrong - it's about WHAT you learn and HOW you use it (as most people would recognise).
As some have said, I can understand warning the congregation of temptations from certain types of association, or even certain academic subjects - but to make a blanket ruling against all additional education beyond the minimum, and to "enforce" it by threatening to punish fathers who are elders or ministerial servants is crazy. And those same warnings apply to life in general. In the workplace, or just in your own neighbourhood, you will encounter people who could be "bad association" - you just have to learn to deal with that, not run away from it. Didn't Jesus also say Christians should be "in the world, but no part of it"?
In wealthier and more educated countries, the org has made some low-key concessions in recent years by talking vaguely about "if there is the need to take on further education to earn a living", which is generally equated with vocational skills (which of course are valuable in themselves), and in places like that, it's generally accepted now for youths to go to college for practical courses without any suspicion or accusations, but clips like this show the org are still very resistant to come out and state that being educated in itself is fine, and can (and should) be an honourable goal.
By so strongly discouraging further and higher education, the GB are shooting themselves in the foot in terms of trying to maintain a future for the organisation. This will continue to drive young (and not-so-young but intellectually hungry) people away, and also disillusion more MS and elders who want to see their children develop themselves.