JASMINE GAO, who is 19, just wasn’t the classroom type. So instead of languishing in college, she dropped out after her freshman year. Ms. Gao decided that she didn’t want to continue studying at Baruch College, part of the City University of New York. At first she considered transferring to Carnegie Mellon in Pittsburgh, but she changed her mind when she saw that her tuition bill would be around $44,000 a year, with only a small amount of financial aid available. “I didn’t want to come out of college with $200,000 in debt and have to spend 10 years paying it off,” she said.