If someone sat down the nation’s children and told them not to bank on their college degrees to make them money, they would be doing them a great service. This is especially true for those that understand that in these days and times a college degree does not keep anyone recession free. Actually, it never has. The workforce has been shrinking daily according to a story in the New York Times a couple of weeks ago, but college graduates are in no short supply.
So! For all of those entrepreneurial spirits out there that show great potential, PayPal co-founder Peter Thiel has a proposition for you. He has created a scholarship that requires the recipients to forego their college aspirations for the pursuit of their entrepreneurial dreams. But those dreams have to be serious and real.
The recipients for the 2011-2012 school year have already been chosen. He picked 24 for the Under 20 fellowship and they are more than happy to pursue their dreams building software, gadget robots for the house, reading code, etc. The year’s scholarship is $100,000 and you simply pursue that dream for two years. Cool deal, right?!
Thiel was Mark Zuckerburg’s first major contributor to Facebook. He is quite serious about his theory. He told Daily Mail, “Turning people into debt slaves when they’re college students is really not how we end up building a better society.”
Read more here on the deal that one might call the real “indecent proposal.”