Good for him - he’ll use the money, then in a few years realize he needs that degree and will enroll in college.
I know more than a few millionaires who have NEVER seen the inside of a college classroom...
For many jobs, you really don’t need a degree. Programming, graphic design,lots of tech jobs that pay well never use theory and practice learned at university.
US high schools push kids into college so they’ll go into debt for the next 10 years to pay to have social engineering garbage force fed to them for 4 to 5 years. This is because they were trained in communist overrun teacher colleges.
Most colleges and universities are no more than communist brainwashing factories that make debt slaves of their students via student loans.