Just want to add that I agree with this
I’ve seen many artists turned administrators become bitter because they wish they could be working on the other side of the footlights.
Some comments here, such as @thumper1, may pertain to ballet.
My kid danced in an adult dance company during the last two years of high school, and rejected the idea of a BFA program. They were not a traditional ballet dancer, more balletic modern (no pointe).
In the local well-known city company, dancers are encouraged to take college classes so that when they stop dancing, they have a career to go to. The director also feels dancers should be educated.
If you want to dance during college years, the choices are usually BFA (which can include choreography), classes and performance outside of school (possibly a company) and extrracurricular dance at school, through the dance or PE department.
For a talented dancer, a BFA may not be needed but it does provide 4 years of serious dance and can be a source of joy. A BFA can certainly lead to wider career options than just dance or arts adminisration, though the job market does seem increasingly siloed. Still, it brings access to jobs requiring a bachelor’s degree.