knowledge vs degree from MIT.
what are pros and cons in both(regular universities and MIT,harvard,etc)
Acquiring right and sufficient knowledge is more important. It doesn't matter where the knowledge is acquired from. What's important is to be refined and qualified.
If it were possible to even "self study" and go to such big universities to be tested for true knowledge and qualify for their degrees/certificates, in a short period of time, I would encourage people to go for it.