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PayPal Co-Founder Gives Out $100,000 To Not Go To College
Paypal co-founder Peter Thiel says the key to quicker business innovation is skipping college. His foundation is handing out $100,000 to 24 people under 20 to drop out of college for two years and start companies. From the press release: "As the first members of the 20 Under 20 Thiel Fellowship, the Fellows will pursue innovative scientific and technical projects, learn entrepreneurship, and begin to build the technology companies of tomorrow. During their two-year tenure, each Fellow will receive $100,000 from the Thiel Foundation as well as mentorship from the Foundation’s network of tech entrepreneurs and innovators. The project areas for this class of fellows include biotech, career development, economics and finance, education, energy, information technology, mobility, robotics, and space."
These students should avoid failure by blowing $150k in college to qualify for a entry level job. Much more successful.
Whenever I see this I have to ask, "what posessed that young student to go to an out-of-state college"?
I mean, I am right now attending college part time (trying to convert an awful associates to a full bachelors). Im just finished freshman / sophmore levels at a community college at a whopping $95 per credit hour, and will be going to a state university this fall at an astounding $500 per credit hour. My bill at the end of all of this will be less than $45000, for a full bachelors degree.
I could, of course, have chosen to go to an out-of-state ritzy school like Georgetown, lived on campus, and blown $45000 per semester... but then, I really wouldnt have anyone else to blame for my debt but myself, would I?