It is bullshit, I'm currently learning to program by following the excellent CS106A paper at Stanford, free on iTunesU. In the current online climate you can learn to code without trying to figure out how to pay a massive student loan back when you're done.

What bugged me about the spin was the comment about Systrom receiving no formal training, unlike Zuck. Zuck built Facebook with next none of the "formal training" he was supposedly getting during his short stint at Harvard. Systrom actually graduated and then went on to be exposed to some pretty big name companies in the tech world.

Good on him though, and yes, inspiring stuff.