I would have to agree. When I was working as a full-time developer (for internships), it felt like I had all the time in the world compared to homework and studying.

I think folks are missing my point. If you're considering dropping out, I think you can lower your class-load to the minimum, be willing to get barely-passing grades, and test out whether you really have an interesting opportunity before you take the plunge.

School CAN be a really free time. You live in a tiny room, Have access to a cafeteria, have a 0-5min commute to work, and are surrounded by an army of peers who are segmented by interest (field of study). As evidenced by the number of startups that started in college dorm rooms, it's a great place to start a company.