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“It is true you can be successful without [college], but this is a hard world, a real world, and you want every advantage you can have. I would suggest to people to do all that you can. When I dropped out of school, I had worked in the music industry and had checks cut in my name from record labels and had a record deal on the table, and when I wasn’t successful and Columbia said, ’We’ll call you,’ I had to go back and work a telemarketing job, go back to the real world, and that’s how life is. Life is hard. Take advantage of your opportunities.”

“I should say in general the advantage of education is to better fit a man for life's work. I would advise young men to take a college course, as a rule, but think some are just as well off with a thorough business training.”

“In Germany, college tuition is free. In America, college tuition is increasingly unaffordable. In a highly competitive global economy, which country do you think will have the best educated work force and a competitive advantage? We must make tuition free in public colleges and universities and substantially reduce interest rates on student loans.”

“Today, you have achieved something special, something only 92 percent of Americans your age will ever know: a college diploma. That’s right, with your college diploma you now have a crushing advantage over 8 percent of the workforce. I'm talking about dropout losers like Bill Gates, Steve Jobs, and Mark Zuckerberg.”