Acharya Prashant addresses the shortcomings of the modern education system, noting that a three-year degree often fails to make a person better or provide meaningful life direction. He explains that human existence operates on two levels: the physical body, which requires worldly knowledge for survival, and consciousness, which requires self-knowledge. Consequently, education must serve two purposes: providing worldly education for livelihood and self-education for understanding the 'I' or the ego. Currently, worldly education is often delivered dishonestly, while self-education is entirely absent from the curriculum.