Only half of recent college grads are employed full-time
While Congress dukes it out over the federal interest rates on student loans, venture capitalist Peter Thiel has a solution for college students who don’t want to be saddled with huge amounts of debts in an unstable economy. The solution, he says, is to drop out of college.
What is the Significance?
Only half of recent college grads are employed full-time and tuition has quadrupled over the past 30 years. Thiel says the system is broken.
“I did not realize how…screwed up the education system is. We now have $1 trillion in student debt in the U.S… cynically, you can say it’s paid for $1 trillion of lies about how good education is,” Thiel says in the 60 Minutes interview.
The Thiel Foundation’s “The 20 Under 20 Fellowship” pays $100,000 each to about 20 students every year. One of the contest rules requires that the applicant “stop active enrollment in school during the Fellowship.”
via Big Think – An Phung
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