It basically depends on motive. Gates, Zuckerberg and like dropped out of school...they had a vision and the school system was taking them out of it. They did not leave because they were failing. School has a lot to offer, it is left for you to define your goals and purpose and head towards it...for certificates are overrated. What you learn and develop is what will drive you.
So back to the question, dropping out of school cannot be said to be good or bad. It depends on the circumstances or motives surrounding the event.
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