I feel bad for many of the folks posting comments here that feel ripped off by an education system. I gained a ton of knowledge and social skills through both self-education and formal education. Suggesting dropping out of school is extreme to me, but this is coming from someone that wouldn't be where I am today if I didn't get a college education. That being said, I'm sure many institutions out there are cleverly designed cash grabs.
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I think it depends on what you want to do. The current system almost requires a degree for STEM jobs. It shouldn't be that way, but that's how it is. If you don't want to do a STEM career though, why waste your time?
My son went straight to college at 16. He has a 14 year old in his school with him. I work with a man who's son went to college when he was 12. That dude is super smart though. My younger children will skip high school completely.