Home Economy Strong job market is causing more students to drop out of college.

Strong job market is causing more students to drop out of college.

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Carol Yepes | Moment | Getty Images

A college education is considered the ticket to a better career and higher pay.

And yet, these days there are plenty of good opportunities for job seekers, with or without a degree.

In April, employers added 428,000 jobs and wages grew by a solid 5.5% year-over-year. For some currently enrolled college students, that may be too good to resist.

Students are choosing to earn over learn right now.

Daniel Rosensweig

Chegg CEO

“Students are choosing to earn over learn right now,” Daniel Rosensweig, CEO of online education company Chegg, recently said in an interview on “TechCheck.”

They’re taking fewer classes so they can work more hours and some are unenrolling altogether, he said.

“And you really shouldn’t blame them, right? It’s a smart, prudent business decision for them at this moment, which is, if their salaries are doubled and tripled, why not take that money and give more hours and take fewer classes or no classes,”…

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