If you feel that it would be better for you to follow your entrepreneur dreams and drop out of school or not go to college just for this time period, then do it.

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Additionally, there are restrictions on your ability to work if you are a full-time at an ABA-accredited law school so your visions of paying as you go might not be realistic.

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Make the most of your time in school, and make this clear to your parents.

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"I think it's a good time to be in school right now because you're investing in your own skills, " Parliament says.

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This will require your student to work during the summer, and it may necessitate part-time work during the school year.

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For the two out of the last three years, one of those students drawn to the joy of competing under your school name while hanging out with your friends is Missy Franklin, a five-time medalist in the 2012 London Olympics who, between celebrity appearances and a continuing Olympic-level swim schedule, goes to school and swims for Regis Jesuit, a private high school in the Denver area.

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