Am I receiving "good" higher education for graphic design?
Spend some time exploring Active Learning(https://en.wikipedia.org/wiki/Active_learning). It sounds a lot like this is what you are seeing. Whether it is good or bad might depend a lot on how much feedback you get from what you do. But doing is a good thing.
If the focus of the program is on creativity, not technology, then this might be a great program. I think that for someone to become a poet they need to spend a lot of time writing poetry, not listening to lectures about it.
But you might want to explore the philosophy behind your program with some trusted faculty member. You might also want to look at the sort of positions that graduates of you program wind up with.
A friend of mine once led an education program that was focused around &quot;studio learning&quot; in which the students did almost nothing be work on projects - from real clients. The faculty was there to guide. It was incredibly innovative.