Well, if you consider a life of about 80 years, that is 80 years * 365.25 Days/Year *24 Hours/day. You get 701280 hours in a life.
You spend about 7 hours a day in school. People who go to college generally have 17 years in school or more. (with about 180 days of school per year, give or take some) so:
7 hours/day * 180 days/year *17 years = 21420 hours
so 21420/701280 = 3.05%
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