Interesting. Read to the end to find out that about 25% wind up returning to college, and that the results of the program have been uneven at best.
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Returning to college is generally an option for those who started college and did not flunk out or leave with unpaid bills.
So a would be entrepreneur who gets offered Thiel’s $100k can try the idea. If successful, great. If not, go back to school.
But if he really wanted to promote the idea of skipping college, he would target people who have not yet started college.
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Translation: “Privileged, highly-educated man encourages students to drop out for short-term, one-time payout.”
This is so sad. It would only be taken by someone who can’t do math.
For students with the resources and ability to complete college, the overall payback dwarfs the $100k.
Not just in the education, but also in earnings… Multiple analyses show that a bachelor’s degree can provide more than $1 million in added income over a lifetime compared with not having one.
This type of “get rich quick” thinking just encourages a poorer future for the majority.
Some say it’s one reason why we have fewer young men going to college these days than young women.
It would be far more ethical if he did this for recent college grads, so they could have the best of both worlds.
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Silicon Valley (HBO) hilariously parodied Thiel’s anti-college views in Season 1 of that show.