This should turn some heads……

PayPal co-founder Peter Thiel is giving away $100,000 scholarships to twenty students who drop-out of college and start their own businesses.

Read more below:

Peter Thiel, the PayPal co-founder and one of the first investors in Facebook, is proposing a controversial path toward more rapid innovation. Today his Thiel Foundation announced that it was giving 24 people under 20 $100,000 fellowships to drop out of school for two years to start a their own companies.

Some of the recipients are leaving first-rate institutions like Harvard and Stanford to take the fellowship. In a press release, the foundation’s head, James O’Neill, said that in taking the fellowship they were “challenging the authority of the present and the familiar.”

The Chronicle of Higher Education reports that Thiel thinks ideas can develop in a start-up environment much faster than at a university. And the project is also intended to question the idea of higher education. Thiel told TechCrunch in April that the United Sates was in a higher education bubble.

“A true bubble is when something is overvalued and intensely believed,” he told Techcrunch. “Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus.”

SOURCE

We wish offers like this were around back in our college days … must be nice!