Google’s Eric Schmidt On Critics Who Say College Isn’t Worth It: “They’re Just Wrong”


Google Chairman Eric Schmidt took a not-so-subtle swipe at tech critics who say that college is overrated. “There are various people who run around and make claims that higher education is not a good use of your time: they’re just wrong,” he told the audience at the SXSW conference, where he was on stage promoting his book The New Digital Age.

The average college loan racks up $30,000 worth of debt and the students are thrown into an uncertain recession-wracked job market. The most notable critic is Facebook investor Peter Thiel, who claimed that higher education was a “bubble,” and set up a fellowship that invests in gifted kids who want to become entrepreneurs instead of attending college.

Tech investor and TechCrunch columnist James Altucher has fiercely argued that college isn’t worth the rising costs. “Not only is college a scam, but the presidents know it. That’s why…

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