Via the usual source, why bright kids should, in many cases, drop out is thoroughly explained at America’s Most Overrated Product: the Bachelor’s Degree. It’s positively Freakonomics-worthy stuff. Turns out I knew what I was doing at age 19 … avoiding a s___load of debt and not compromising my future earning power much, if at all.
(Actually, in my case there is almost no doubt I would be both 1] making less money and 2] living somewhere more expensive right now if I’d somehow stayed in the academic world. Figure student debt into that and my net worth would be perhaps a quarter its present value, and that’s if I were lucky.)
Key passage: “You could lock the collegebound in a closet for four years, and they’d still go on to earn more than the pool of non-collegebound …”
The Talking Heads would agree.
(Related: lengthy six-month old post, Get Out the Hankies, with tons of comments, over on Transterrestrial Musings.)
UPDATE: More food for thought …