PayPal CEO Pays $100K For Students to Quit College

While we like to focus on writing, we do like to keep tabs on what’s up in the education world; this fellowship, posted on Fastweb.com today, caught our eye, and we wanted to share it with you.

A survey conducted by Fastweb’s 16-year-old members showed some promising news:  78% of teens would still choose college even if they knew they would be millionaires without it. But what do you think? Would you take $100k from a billionaire to quit college?

In September, Peter Thiel, co-founder of PayPal, announced a new kind of fellowship for young inventors, which pays $100,000 to NOT attend school. The 20 Under 20 Fellowship gives money to young inventors to get started immediately on the next best invention, rather than complete college. To earn the cash, fellowship recipients must promise to stay away from the classroom for two years to focus on their inventions.

What do you think of this idea? If you got the fellowship, would you skip college or postpone it till later?  Why or why not? Read more about this fellowship on Fastweb.