Business Opportunities Weblog

Paying People to Drop Out of College

By on May 22, 2012 in Featured

60 Minutes:

One of the wealthiest, best-educated American entrepreneurs, Peter Thiel, isn’t convinced college is worth the cost. With only half of recent U.S. college graduates in full-time jobs, and student loans now at $1 trillion, Thiel has come up with his own small-scale solution: pay a couple dozen of the nation’s most promising students $100,000 to walk away from college and pursue their passions. Morley Safer takes a look at Thiel’s critique of college.

Best quote of the story:

Peter Thiel: We have a bubble in education, like we had a bubble in housing in the last decade. Everybody believed you had to have a house. They’d pay whatever it took. Today, everybody believes that we need to go to college, and people will pay whatever it takes.

Photo by hxdbzxy/ShutterStock.

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Business Opportunities Weblog editor and publisher Dane Carlson lives in the Sierra Nevada mountains of California, just 15 miles from Yosemite National Park. He accidentally became a professional blogger in 2001. He has added 12,203 posts to the site.

Another Idea: How to Start a College Application Consultant Business

  • http://faxauthority.com Fax Authority

    Genius – same way Zappos pays employees to leave. You end up with the more motivated people.

    Too much education and not enough purpose in the market these days…

  • Nsubuga Andrew

    i strongly agree with peter, nsubugaandrew@gmail.com +256784306728 uganda

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