A GED is fine for many colleges, but it helps to have something interesting in your application, as blossom implied: dancers and musicians get GED’s because of their commitment and passion, and several colleges have told us they love such “outliers.”
Getting a GED for high school without something like that can still be fine. I know one young man who was depressed, left school, got his GED, and spent some time with National Outdoor Leadership School and then got into college and thrived. I know another who WOOF’ed in Europe and then went to college in better shape. Service can be good too. One kid I know got his pilot’s license.
Some of the kids I know who get GED’s are the creative types who have less patience with high school. They are independent thinkers. And the kids with mental health challenges can be in this creative group as well.
I will say that it can be tough applying for even low level jobs and having to check the box whether graduate or GED. For that reason, I would also suggest looking into North Atlantic Regional High School, which grants diplomas that are legit but have less requirements than some high schools. http://www.narhs.com/ Colleges seem to view this as perfectly fine, and a transcript is provided to be included with the regular high school transcript.
Many kids I know or know of develop a mental health issue in junior or senior year and end up doing fine at college. I object to the attitude that this kid does not belong there or is somehow doomed to fail. Some of the anxieties are school-related, yes, but might be particularly related to pressure about doing well and admissions. Social media can be a factor. Many kids are “a mess” in later high school, get treatment, learn self-management and do fine.
I would also look into community college or community college online courses for the young person while at home, taken as dual enrollment. Other ideas: Virtual High School is a great outfit with a lot of courses online, and Aventa Learning is another one (google educere).
If this young person does not get on the 4 year residential conveyor belt, so to speak, there are many ways to do college (extension, continuing ed, adult learner, low residence, one class at a time in a regular program etc.). And a few paths for training for a trade, though there should be more.
With medication, therapy, and experience, this young person should be fine. He could take time out from school and return to finish, or do a GED or do a diploma. One caution is that if you do a GED and then want to return to high school for a diploma, it is at the principle’s discretion and he or she might say no.
Good luck to him!