Education has now become a luxury from at least 2 considerations:
A. We are in an economic crisis, still; the effect are still here, at least for fresh grads
It is especially difficult for advanced degree holders since they are the ones who bet/ invested their own or their parents money in such a degree believing it would be a good investment not just in terms of growing and developing your knowledge but also betting they would have a place to put all that knowledge to practice in a successful position that would give them satisfaction. What a bad investment this has just turned up to be.
Thinking that taking a job now that is under their qualifications is not the end of the world and that things would turn out for the better is naive. The “outliers” handicap will always hang above their heads and hold them back. This is not just a case of delayed breakeven point.
Undergrads are also in there because their student jobs get cut so they come out of school with less hands-on experience. At least they have the chance still of extracurricular activity and NGO involvement.
B. the internet and the connectedness it brings has brought enormous opportunities that simply outbalance those a classical education brings.
You can learn exactly what you want and access all the books you want, plus find mentors and maybe even teachers online to get you through gracefully.
Meanwhile starting up a business has never been simpler or more intuitive especially nowadays, when reality is more and more defined in terms of 1000111010
You can simply reach out and grab anything you like from the internet and bring it to life, given the freedom to not have to deal with classic education, which under these above mentioned circumstances is worth it. You skip the time you spend in school to get something that a grad would hardly ever get.
Conclusion: A student only gets a theoretical taste of what can be done but never given the freedom to just do it. The in between part, the one where you get taught how to do it paralyzes you into inaction. Someone who’s been free to learn what he wants will be empowered to think he is the only and best person to know how something can be done and he will go out and do it.