As our curriculum narrows and students are all shoved down the same same road to college, many are questioning the assumption that college is necessary for the path to success for everyone. Most recently, Michael Ellsberg, author of “The Education of Millionaires: It’s Not What You Think and It’s Not Too Late" questions the "College for All" mantra with a NY Times Op Ed piece "Will Dropouts Save America?" In the piece, Ellsberg points out that in many cases, college grads earn more because typically colleges attract more motivated students and historically, those who attend college came from more affluent families than those who do not. He also points to the fact that there is no evidence that those who attended college would be less successful had they chosen a different path.
Ellsberg reveals what the millionaires and people like me (who acknowledge that school didn't help with achieving success in life) already know. You don’t need a degree (and certainly not an M.B.A.) to start a business and create jobs, nor is it even that helpful, compared with cheaper, faster alternatives. You can read the complete article here.