Interesting question.
I think a highly educated person can be of several sects. I'll address two very different types that I feel are pretty accurate.
There is the highly educated person who got money from well-off parents. This type of person may take it for granted that the education was hard earned (because they did not pay for it). To me this type of individual is less likely to take their education and use it to help benefit others. They would more likely be the attorneys, doctors, traders, or other professions that are, well, to put it bluntly, snobs. I would say this group grew up in city groups where things were readily available. More likely to be a know-it-all who believes their education makes them better than those who do not have one.
Then there is the individual who worked hard, got loans they are paying off, understand that there is a monetary value placed on their education. The kind of person likely grew up in smaller towns, or they were underprivileged as children. They understood that a higher education would be used to make them better people, ones who can be responsible for a greater good because they felt the impact of the cost of going to school. This kind of person would be more likely to go into police, psychology, teaching, or other helping careers... Less snobbish, and more compassionate to others who are not as educated as they are.
That's my opinion based on my own knowledge, experience, and "higher education".
Education comes in many forms, though I must admit that I have been predisposed to the idea that education means a college degree. At first though I think some one with a Masters degree or Phd is highly educated, but I think the true answer is far more complex. There are people who are highly educated that have no formal education, only experience and self tought knowledge. I guess the best answer would be, anyone who has advanced knowledge on one or a number of subjects.
My concept of a highly educated person, is someone who has acquired a vast knowledge of the world around them by listening to and learning from others and by reading and informing themselves about a wide variety of subjects Someone who keeps up to date with current issues and shares their knowledge with others. Highly educated people may or may not have a formal education. There are some advantages to be gained from a formal higher education such as the skill of critical thinking, but there are also many many people who may have a degree or qualification in a particular area but have no knowledge of other issues and no matter what level of formal education they have, I do not think these people qualify as being highly educated.
A highly educated person is one who is widely read and informed on many topics. This individual may or may not possess any degrees. That is not necessarily a sign of being educated. My Mother was considered by at least two professors at prestigious universities to be very educated, very wise, and aware and she only graduated from high school.
I have three degrees and wish that I was as 'informed' as she was and often wish she could give me her 'take' on world events today as she did when I was a young girl in my late teens.
My experience has shown me that they are not good at putting their knowledge into the practical world.
I have worked with people who had degrees and had no knowledge of the job I was doing or were of any help in getting the job done, quite the reverse, they more of a hinderance.
The highly educated person is aware of many things and takes an interest in learning many things. Books, articles, lectures, concerts, comic books, cooking, open discussion, etc are all interesting to this person. In society, having a degree unfortunately translates into being highly educated. It is a barometer but not the end all, be all. Learning for the sake of learning is the goal, not for a piece of paper that says you learned something.
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