October 17, 2021

Thiel Fellowship Pays 24 Talented Students $100,000 Not to Attend College


The winners were announced today for a new fellowship that has sparked heated debate in academic circles for questioning the value of higher education and suggesting that some entrepreneurial students may be better off leaving college.

Peter Thiel, a co-founder of PayPal, will pay each of the 24 winners of his Thiel Fellowship $100,000 not to attend college for two years and to develop business ideas instead

Doesn’t this continue to demonstrate that traditional education is not the right choice for everyone?  Career based education & accelerated paced degree programs commonly offered by for profit education firms are more aligned with the needs of many.  Watch and you will see many of the traditional colleges take another page from the for profit schools by offering accelerated programs 3 years for a bachelors, 18 months for an associates…

Good article from the chronicle: http://chronicle.com/article/Thiel-Fellowship-Pays-24/127622/?sid=at&utm_source=at&utm_medium=en


  1. MARK SMYTH says

    This is a great idea. Focus for 2 full years on business with no worries about paying the bills. By the time all 24 have done the 2 year stint, each one of them will have more business experience than president Obama. In fact, every single person who declared they are running for president as a Republican for the 2012 election, has more business experience than Obama, I do not count dealing drugs on the street as Obama has claimed in his book, as business experience as no taxes are paid on the profits. For the 2012 runup, keep an eye on the black guy, Herman Cain, he has lots of business experience as the CEO of a Pizza chain. He seems the best person for the Republican party and even the Tea party people like him. Obama got elected partly based on his black race but of Herman Cain is the final choice for the right wingers, then the comparison is like night and day. Cain has no political baggage while that is all that Obama has.

  2. Interesting use of his money…

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