Thank you for providing that important information.
The grammar seems fine except perhaps use of the definite article for university. I do have a problem with the definition of what the function of a university is.
I would use 'produce' instead of 'raise'.
As e2efour says, 'raise' is associated with what parents do. It involves all kinds of care and teaching, such as tending to their children's health, teaching manners and values, instilling the habits that will be useful in adult life, and so on.
'Produce' can refer specifically to accomplishing the goals associated with a university education, which are primarily educational but which may also include values and habits related to good citizenship, for instance.