Considering that the value of a college education is deemed closer to negligible than substantial nowadays, chopping off 25-40% of the time invested in a degree is actually a good idea. Look at it this way: You get the desired result for a much lower investment.
As for worries about the quality of education received, I detect more than whiff of hypocrisy in the "self-exploration" argument. After all, that extra year or two translates into more money for colleges, right?
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