Dropping out: Is college worth the cost?

CBS NewsPeter Thiel, the billionaire venture capitalist, is beseeching students to drop out of a university system he says is broken — churning out too many half-educated graduates seeking too few jobs. Thiel put his money where his mouth is and pays selected students $100,000 each to drop out and focus on ideas that will benefit themselves and the world at large. Waiting for graduation, he says, is an expensive waste of time.

Peter Thiel: “We have a bubble in education, like we had a bubble in housing in the last decade. Everybody believed you had to have a house. They’d pay whatever it took. Today, everybody believes that we need to go to college, and people will pay whatever it takes.” more> http://tinyurl.com/7a8m5s6

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