Metta World Peace says everyone freakin' out over LaVar Ball having his sons, LiAngelo and LaMelo, ditch UCLA should chill ... 'cause higher education ain't a slam dunk for everyone.
"There's so many things you can do ... college is a small part of life," Metta told TMZ Sports outside Chateau Marmont in Hollywood.
Want proof?? MWP pointed to Bill Gates and Jay-Z -- two of the prime examples of big ballers who dropped out.
And if LiAngelo does try to chase his hoop dreams ... Peace -- who's balled in China and Italy -- says playing abroad's a pretty sweet deal, too.
"He could stay overseas for the rest of his life -- they pay good money."
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