The flaw in his logic that I see is that somehow the $104,000 that was supposed to pay for going to college will somehow magically appear the first year that the kid will not go to college so that they can start a business. This is instead of how it normally appears with select education loans. I highly doubt lenders are itching to lend $104,000 to multitudes of fresh 18 year olds that dream about owning their own business but don't want to "waste time" in college.