- College students accrued more than $1 trillion in debt last year pursuing higher education.
- However, there are incredibly successful tech executives, such as Mark Zuckerberg and Bill Gates, who started multi-billion-dollar companies without ever getting a college degree.
- Here are 23 tech founders and executives who never graduated college, but nevertheless attained massive success.
But at the same time, college has become more expensive than it's ever been. Student loan debt reached a record high of almost $1.5 trillion at the end of 2018, according to data from New York's federal reserve bank.
The degree-less tale of tech superstars like Mark Zuckerberg and Bill Gates is folklore by this point, but the Facebook and Microsoft founders aren't the only two influential executives who have risen to the top without finishing college. According to the 2017 Forbes ranking of the 400 wealthiest people in America, 17.5% of those on the list-- 70 people -- never graduated from college.
The founders and CEOs of other prestigious tech companies -- including Twitter, Fitbit, WhatsApp, Tumblr, and Square-- also forewent higher education to take on the tech world, and their high-stakes bets paid off.
Here are 23 successful executives in tech who never got their college degrees:
Mark Zuckerberg -- cofounder and CEO, Facebook
Zuckerberg never did complete either of his two majors (psychology and computer science). He launched "thefacebook.com" while a student at Harvard University, but he dropped out during his sophomore year to move to Palo Alto and work on his company full-time.
Matt Mullenweg -- founder, WordPress
Mullenweg developed the open-source software for blogging platform WordPress as a 19-year-old freshman at the University of Houston, where he was studying philosophy and political science. By the start of his junior year, he left college for a job at CNET in San Francisco.
James Park -- cofounder and CEO, Fitbit
Like many successful tech moguls, Park dropped out of Harvard. In 1998, he abandoned his major in computer science to pursue a career as an entrepreneur. After a brief stint as a Morgan Stanley analyst, he started Fitbit in 2007.
John and Patrick Collison -- cofounders, Stripe
The Collison brothers grew up in Ireland and both came to Boston for college: Patrick Collison at MIT, John Collison at Harvard. They hatched the idea for their first business -- an online auction management company named Auctomatic -- at a local pub, and dropped out of college to build the company's technology in San Francisco.
They sold Auctomatic in 2008 for $5 million, and became teenage millionaires.
Jack Dorsey -- cofounder and CEO, Twitter and Square
Dorsey is a two-time college dropout. He first enrolled at the University of Missouri-Rolla, but he transferred to NYU after two years. He reportedly thought of the idea for Twitter while at NYU, where he dropped out a semester short of graduating and moved to the West Coast to work with a tech company.
Daniel Ek -- cofounder and CEO, Spotify
Ek grew up in Sweden, and enrolled in college in 2002 at the country's KTH Royal Institute of Technology to study engineering. He lasted only eight weeks, when he found out his entire first year would be devoted to theoretical mathematics. He soon started taking gigs at various tech companies.
Larry Ellison -- cofounder, Oracle
As a kid growing up in Chicago, Ellison planned to attend medical school at USC, get married and have kids, and move to Los Angeles working as a doctor. However, that never happened. He tried getting an undergraduate degree twice -- once at the University of Illinois at Urbana-Champaign (for two years), and again at the University of Chicago (where he lasted only one semester).
After dropping out a second time, Ellison moved to California amid the burgeoning tech scene.
Sean Parker -- cofounder of Napster and former president of Facebook
As a senior in high school, Parker was making $80,000 a yearthrough various programming and coding projects. It was enough money for Parker to convince his parents that he didn't have to go to college, and he instead joined up with Shawn Fanning to launch music-sharing website Napster in 1999.
Evan Williams -- cofounder and former CEO, Twitter
Williams grew up in a small town in Nebraska, and enrolled for college at the nearby University of Nebraska-Lincoln. However, he felt college was a "waste of time," and lasted only a year-and-a-half taking as few classes as possible and without ever declaring a major. He then moved to Florida and bounced around various cities doing freelance work and tech jobs.
Steve Jobs -- cofounder and former CEO, Apple
Jobs attended Reed College in Portland, Oregon, a private universityhe once said in a commencement speech was "almost as expensive as Stanford." He reportedly dropped out after one semester, but he stayed in the area and attended classes that interested him. One of those classes was calligraphy, taught by a Trappist monk named Robert Palladino, who Jobs later credited with teaching him about typefaces that he later added to the Mac personal computer he developed.
Jan Koum -- cofounder, WhatsApp
Koum enrolled in San Jose State University while also working as a security tester at Ernst & Young. While on assignment for EY, Koum was brought on to help out at Yahoo, where he met an employee who went on to be his future WhatsApp cofounder, Brian Acton.
Koum switched jobs to become an infrastructure engineer at Yahoo, and was soon inundated with doing work on Yahoo's servers. Koum said he "hated school anyway," and dropped out to devote his time to Yahoo.
Dustin Moskovitz -- cofounder, Facebook and Asana
Moskovitz studied computer science at Harvard, where he was roommates with Mark Zuckerberg. Moskovitz reportedly volunteered to help Zuckerberg work on his new website, and learned a coding language in "a couple of days" to be able to work. Along with Zuckerberg, Moskovitz dropped out of Harvard to move to Palo Alto and work on Facebook full-time.
Travis Kalanick -- cofounder and former CEO, Uber
Kalanick, a California native, enrolled in UCLA to study computer engineering. Through the school's Computer Science Undergraduate Association, he met two classmates named Michael Todd and Vince Busam. Kalanick worked with four other students out of Busam's dorm room to develop a peer-to-peer search engine called Scour.
Kalanick dropped out of school in 1998 to work for Scour full-time, and survived by collecting unemployment as the company looked to secure funding.
Arash Ferdowsi -- cofounder, Dropbox
Ferdowsi attended MIT and studied computer science. In the summer of 2007, recent MIT graduate Drew Houston reached out to Ferdowsi to team up on an idea for cloud storage service that later became Dropbox. Ferdowsi dropped out of MIT in his last semester to commit himself fully to Dropbox, and worked with Houston out of a small office in Cambridge to build the platform.
Richard Branson -- founder, Virgin Group
As a 15-year-old student still in secondary school, Branson produced a magazine called Student, and dropped out of school to work on the project. Although the magazine failed, he found success in a side hustle selling mail-order records, and turned the business into a successful company called Virgin Records.
Bob Pittman -- CEO, iHeartMedia
Pittman grew up in Mississippi, and was already working as an announcer on the radio by the time he was 15 years old. He enrolled in nearby Millsaps College, but he didn't stay for long, and left school to pursue a career in radio. By 18, he was working at a radio station in Pittsburgh as a program director.
David Karp -- founder, Tumblr
Karp never even finished high school in New York City -- he dropped out at 14. Instead of heading to college, he entered the tech scene, and quickly became the chief technology officer for a now-defunct online messaging board called UrbanBaby that was bought by CNET in 2006.
Michael Dell -- founder and CEO, Dell
Dell attended the University of Texas in 1983 as a premed student, but decided by the end of his freshman year that he wanted to drop out. In the summer before sophomore year, Dell sold $180,000 worth of reworked PC computers, which was enough to convince his parents he didn't have to go back to college.
Kevin Rose -- venture capitalist and cofounder, Digg
By the time Rose enrolled as a computer science student at the University of Nevada, Las Vegas, he was already working as a technician at a nearby Department of Energy nuclear test site. He dropped out of school at the end of his sophomore year to head to the Bay Area.
Barry Diller -- founder and chairman, IAC
Diller grew up in Beverly Hills, and attended UCLA in nearby Los Angeles for college. Diller said he lasted "literally, three weeks" at college before he dropped out, because he "wasn't interested or stimulated." Diller landed a job through a friend in the mail room at the talent agency William Morris, a gig that launched his career in the media industry.
Paul Allen -- cofounder, Microsoft
Allen dropped out of Washington State University in 1974 after two years to work as a programmer in Boston, where his friend since grade school -- Microsoft cofounder Bill Gates -- was attending Harvard. Allen got a job offer from Honeywell, and moved to the Boston area with his then-girlfriend.
Bill Gates -- cofounder, Microsoft
Gates left Harvard in 1975 to cofound Microsoft with longtime friend Paul Allen.
When Gates left school, he took it as an official leave of absence. Doing that allowed him to return to school "if things hadn't worked out."