This Fellowship Pays You $100,000 to Drop OUT of College and Start Your Own Business

Written by on February 18, 2016 in Economy with 2 Comments

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By Caroline Rolf | The Plaid Zebra

According to PayPal co-founder Peter Thiel, the key to achieving a successful business quickly is by skipping college, and he’ll pay you to do it. The Thiel Foundation is offering $100,000 fellowships to entrepreneurs under 22 to help their vision get off the ground.

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Thiel wants innovators to pursue science and technology-related projects, understand entrepreneurship and start building the biggest companies of tomorrow. Along with the huge chunk of change, the foundation will also offer mentorship from a network of inventors. Those selected for the fellowship can focus on projects like economics, finance, education, robotics, space, mobility, career development and more. The only requirements concern your age and that you drop out of school. It is also suggested that you move to San Francisco.

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This controversial method of innovation is persuading some students at top-notch institutions like Harvard to drop out of school for two years to start their own company. The Thiel Foundation was developed in part because of the increasing cost of a higher education as well as challenging the status associated with an academic degree, which has become more important than the education and experience itself. This confronts the familiar notion that young adults must complete a post-secondary degree if they want to build a foundation for future success.

Related Article: 13 Good Financial Habits to Start Cultivating Right NOW

According to Tech Crunch, “Thiel isn’t totally alone in the first part of his education bubble assertion. It used to be a given that a college education was always worth the investment– even if you had to take out student loans to get one. But over the last year, as unemployment hovers around double digits, the cost of universities soars and kids graduate and move back home with their parents, the once-heretical question of whether education is worth the exorbitant price has started to be re-examined…”

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2 Reader Comments

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  1. 953859961347575@facebook.com' Heather Cruz says:

    Their Life Path, is That Exactly “Their” Life. Who are we to question or judge??!! Not impressed with the question!

  2. 10206144484349857@facebook.com' Woody Edwards says:

    Students in the United States pay a fortune for their college degrees and then are in debt for the rest of their life for the loans to go to college. Entrepreneurialship is the only way to go. If you have a dream, make it a business.

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