Young people are catching on to the fact that college can be a scam. Why take on massive loans if you don’t need them?

Market Watch reports:

Half of young Americans say their degree is irrelevant to their work

In the spring of her senior year of high school, Malavika Vivek had four choices: Caltech, UC Berkeley, Carnegie Mellon, or solutions architect at software company Avasoft Inc.

She chose Avasoft.

Vivek had been working for the company part-time while at a magnet engineering-focused high school in Edison, N.J. When she was offered a full-time position, she couldn’t pass up the opportunity.

“I definitely thought about going to college because those schools are all really good. But in the end, I knew I would learn more discovering things on my own and working in the real world,” Vivek told MarketWatch.

At 19 years old, Vivek belongs to Generation Z. And while her experience isn’t yet common, Gen Z is becoming more open to doing college differently or not going at all, according to a new study by TD Ameritrade TD, +1.43%

The study surveyed over 3,000 U.S. teens and adults, including approximately 1,000 Gen Z (ages 15 to 21), 1,000 young millennials (ages 22 to 28), and 1,000 parents (ages 30 to 60).

About one in five Gen Z and young millennials say they may choose not to go to college. Many others see a less conventional path through education as a good idea. Over 30% of Gen Z — and 18% of young millennials — said they have considered taking a gap year between high school and college.


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