IT Milk: entry

The author published this entry on Thursday 17 January, 2008 at 9:04 pm. It's been filed in the Penn State University + Personal Lifecategory

The Real-World Consequences of Dropping Out of College

The following is an email I received after writing the post about dropping out of college to pursue my business. I thought that I would share this with you because it helped put me back on track with academics.

Daehee,

I came across your website from a link to another link to finally, your site. Anyway, I was reading your post about the possibility of dropping out of school. Allow me to politely, put into prospective, the real-world consequences of dropping out of college, coming from a college graduate.

As someone who painstakingly gone through college, sweat and tears through all the hard work, I know where you are coming from wanting to leave for greater individual freedom and making money - sense you’re probable not making a whole lot now.

There is a business term called opportunity cost.

You probably have heard of this concept before so I’ll expand further on this and explain it even if you haven’t heard of it.

The opportunity cost you are forgoing by going to college and sacrificing your time and energy is making more money for example, at a private website company, and having more freedom and choices to do what you want to do if you dropped out of college.

However, the opportunity cost that you see from dropping out of college, will have greater consequences in not being able to maximize the monetary costs of your true skill sets.

I too had the opportunity while in college to drop out and join a company, to do what I thought I had the skills necessary, for a job I thought would provide satisfaction. Also, I was struggling with motivating myself with having to deal with all the stress of going to college: no money, no life, the pressure to get good grades, no individual freedom, etc.

Thankfully, I didn’t take the job because a few years later, that small company went bankrupt.

Moreover, after I got my degree, I changed companies three times before I finally found the job and company that I could be satisfied to stay with and grow within the company.

Flat out, I would have never been able to get any of those jobs that I switched had I not had a degree…PERIOD…THE END…NO DOUBT ABOUT IT.

Finally…life happens and I understand your personal anguish of seeing the potential of leaving early but, you will make ten times more money and have more opportunities having a college degree than not have one…100%. Graduating from college will probable be one of your personal highlights in life and it will be one of your finest moments when you walk during graduation ceremony getting that degree.

Don’t squander this rare opportunity.

Stay in school and get that degree, you’ll thank yourself in the future.

I KNOW I DID!

The Conversation {2 comments}

  1. Jay Signorello 17 January, 08 @ 9:45 pm

    That is a fantastic response. Couldn’t agree more. I also had a similar opportunity, but didn’t take it. Finishing college (especially penn state might I add ;) ), was one of the best decisions of my life.

  2. Richard Sperrobi 25 February, 08 @ 2:16 am

    Oppurtunity Cost. It was explained fairly well there and is true. As a freshmen I had introduction to macro economics and had to hear a lot about it. She even used the oppurtunity cost of College as her opening example in explanation. However, dropping out of college is not so cut and dry (do or die). I know I’m not a grad yet (or may be for a long time) but it doesnt kill you to take a semester or year to clear your head, mellow out, just work and live, etc until you’re ready to learn or move on without more college. A college degree, seemingly, does provide a better and easier way to land in a decent paying (comfortable) job.

Leave Your Own Comment

You can follow any responses to this entry via its RSS comments feed. You can also leave a trackback if the inclination is there.

If you're looking for something specific then give the search form below a try:

RSS Wordpress Grady (theme) Valid XHTML Return to the Top ↑