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Used instead of a real university name by people that never made it to an university feel ashamed because of that.
"Hey, man, how are you? Haven't seen you in ten years. I heard you dropped out of Princeton?"

"AND!? Now I study at the University of life! And I'm not ashamed of it! It's perfectly allright! It does not mean that I am a loser... it's *sobbs*"

by Chris C. II September 30, 2006
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An idiom used commonly on Facebook by high school and college dropouts who secretly regret being unsuccessful at getting an education, and want to make it look intentional. It supposedly means that life is the person's teacher, although most of its students have not learned anything but how to just barely survive while still being able to afford enough alcohol to block the pain of lost dreams.
Psssh! Why go to school when I can get a job now? I was totally smart enough for school, I just choose to attend the University of Life!
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by Rum Fiend May 17, 2018
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