Hi Rahul,
I was a college dropout for two weeks until I re-enrolled. I didn't like college which is why I dropped out, but I liked college after I re-enrolled. It was all in my mind. I started reading personal development books and figured out how to reframe the situation by asking myself "How can I make this experience serve me?" By asking that, I got a lot out of the college experience and I made sure I had more fun.
Some famous person said:
"The mind can make a hell out of heaven or a heaven out of hell"
In other words, a lot of your experience is made up by your perception of what you are experiencing.
Here's an interesting idea too:
Why don't you talk to your father and ask him how he would get the most out of a college experience. Since he likes formal education so much, he may have some good tips about making the most of your time at college.
I would also recommend these books:
Amazon.com: Campus CEO: The Student Entrepreneur's Guide to Launching a Multi-Million-Dollar Business: Books: Randal Pinkett Amazon.com: The Student Success Manifesto: Books: Michael Simmons Amazon.com: Zero to One Million: How to Build a Company to $1 Million in Sales: Books: Ryan P. M. Allis
These books are written by (respectively): A guy with a Ph.D in business who ran a business in college, a college dropout who started his own business, and a college dropout who started two businesses and is planning on re-enrolling in school.