The colleges may've finally priced themselves out of the market. I guess raising tuition over 200 percent in a couple of decades will do that.

According to a new study, HALF of people under 21 today say they don't think college is necessary anymore. And 89% have considered doing something other than a traditional four-year college... like online courses, trade school, or learning on the job.

Their parents haven't adjusted yet, though. 96% of parents say they still expect their kids to go to college.

Read more at MarketWatch.