Five reasons to skip college
Think a college education is key to a bright future? Not so fast ...
NEW YORK - College is expensive. Four years at an elite university like Princeton or Harvard will set you back around $160,000.
That’s a lot of money, but consider the benefits: The professors, the coursework, the people you’ll meet and the invaluable experiences you’ll have. And, of course, the bottom line: You’ll earn more money afterward. In fact, on average, the holder of a four-year college degree will earn 62% more over their lifetimes than a typical high-school graduate. And that’s just on average. The return on investment for attending one of the nation’s 25 or so most selective colleges is far more impressive. Money well spent, right?
Well, not necessarily.
Although there is clearly a correlation between earnings and a four-year degree, a correlation isn’t the same thing as a cause. Economists like Robert Reischauer ruffled feathers several years ago by pointing out that talented, driven kids are more likely to go to college in the first place — that they succeed, in other words, because of their innate abilities, not because of their formal education. Bill Gates, who dropped out of Harvard to start Microsoft, certainly doesn’t fit the stereotype of a low paid college dropout.
forbes
