Education is more formal as for example school, university or gaining knowledge Upbringing derives from someone bringing you up- educating you while you are growing up - your family Including manners, skills, general knowledge, experience, opportunities …

Yes, upbringing is more the values you get while growing up. This can be related to your social class. Working class, middle class etc. As someone else already commented it’s to do with values, manners etc. Education is usually from a formal institution, school, college, university etc.