From Fire and Ashes: Success and Failure in Politics by Michael Ignatieff, p. 127:

Nor do degrees confer standing. Success in education is a badge of merit that people actually earn, yet people with degrees often have trouble converting their achievements into standing. The reason is simple: education codes as entitlement, and voters hate entitlement, the way they hate privilege. Educated people routinely complain about this but they are wrong. Standing has to be earned and degrees earn you nothing.