All things being equal, college is still smarter than no college. But some kids are figuring out if they invest those four full-time years towards their business ideas and talents, they can end up hiring a lot of college graduates. Think Bill Gates, Steve Jobs, and Larry Ellison … they all quit college to launch their empires.
Most young adults following the college model do end up well trained to get a job, but are also well saddled with tens to hundreds of thousands in debt. This debt that cannot be discharged in bankruptcy, it can rarely be renegotiated and most people are ill-afforded to pay it off. And since most people in their 30s and 40s are not even in the career they majored in, the debt they are carrying is a depressing load.
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