No need for colleges in five years says Bill Gates

I guess a dude who dropped out of Harvard and became the richest person on the planet couldn't be expected to strenuously fight for the campus experience. Bill Gates, speaking at the Techonomy conference in Lake Tahoe, said that soon all the best lectures will be available free online. So instead of plunking down $50k a year on tuition, you can hang out and watch YouTube all day and be fine.

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John Moe is the host of Marketplace Tech Report, where he provides an insightful overview of the latest tech news.

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