The World's Most Successful Dropouts

I'm not discouraging you guys from going to school, but... we have some interesting facts and news circulating around in this financial turmoil...

For your reading pleasure...

More people are going back to college and taking on huge debt to do it, despite questions about what the degree is really worth - education bubble.

Last year, the amount borrowed by students and received by schools grew some 25% over the previous year, to $75.1 billion. That's a huge amount, especially with weak, low-paying job prospects for graduates in this economy.

As we've noted, all this student loan debt is crazy. Despite the desire to see more subsidization of college, we suspect there will be a collapse in student loan debt availability and desire to take on new debt.

The pop may be starting already. As Bloomberg reports, as many as one-third of all private colleges surveyed said they expected enrollment to drop in the next academic year. And almost 40 percent of those colleges said some of their students dropped out due to personal economic reasons and a quarter said full-time attendees switched to part time. Half said families had to cut back their expected contributions as the value of college savings plans dropped 21 percent last year. (article picked from Yahoo!)

They are some of the exceptional college dropouts...read here