Beware. On the next iteration, education will simply lose it's importance in providing any sort of edge in life. Just because well, elites are hereditary, it's only about particular methods of maintaining their hereditary status. Education seems to about to cease to be that method. Which means, we will see all the same people on the same commanding positions in the society - except they will be uneducated/much less educated. Because why bother.

A step like this increases the necessary level of violence applied to the society to keep the elites in their places and the masses in check. Because maintaining elites through educational attainment was the nicest avenue i can think of, all other methods will be uglier.

A good society should know how to let the elites stay in power without getting everyone else too angry.