Unfortunately, as your own choice of word "exceptional" implies, most are not so lucky.

I once sat in a review meeting at the end of a year with members of the faculty responsible for teaching collecting feedback from many of the undergraduate students. When challenged about the poor quality of many lectures, the response was essentially that they can't make the lecturers go and learn how to lecture competently because the lecturers wouldn't stand for it.

Try that attitude in the professional world and you'd be in a remedial programme on your way to getting fired.

Fortunately, I expect that with the advances in modern technology and changes in modern careers, the old-school universities that think a famous name and charging high fees mean they can get away with anything will soon be obsolete, and so will the incompetent parts of the academic community sheltering within them. They will need to find new ways to offer dramatically more value than interested people can find on their own with all the modern resources we have available, or they won't be able to justify people taking several years out of their lives and paying a fortune in fees to attend any more.