According to the Organization for Economic Co-operation and Development, only 46 percent of college students actually finish their degrees. Research also shows that college graduates ages 25 to 32 earn $17,500 more annually than their non-degree-holding counterparts. But, given the crushing cost of student debt and a slowly recovering job market, is a college degree really worth it?
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Certainly, anyone with a formal education should value his or her training, but that doesn’t diminish the wealth potential of ambitious non-degree holders. PayPal co-founder Peter Thiel thinks good ideas and work experience outweigh education. In fact, the Thiel Fellowship offers a $100,000 grant to college dropouts and those who delay formal education to become entrepreneurs.