Friday, May 13, 2011

School Is Too Expensive, Just Drop Out Now

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Wait? What? According to Billionaire libertarian businessman Peter Thiel, the founder and former CEO of PayPal, all college should just drop out by the age of 20.

But Jasmine, won’t we have a growing population of uneducated individuals floating around in our nation further effecting the American economy? Yes, yes we will.

This is all saying that students at the University level actually follow Thiel’s suggestion and take his money.

Last year, the billionaire launched the Thiel fellowship, which gives grants as large as $100,000 to 20 tech entrepreneurs who drop out of college by age 20 to pursue their own ideas.

Earlier this year, Thiel was reported in a National Review interview saying that higher education is a "bubble in the classic sense," because education is "overpriced," something people have "an intense belief in," and an investment that's unlikely, in the majority of cases, to have a positive return. He even stated his opinion again in April at TechCrunch blaming the "financial disaster" of student loan debt surpassing credit card debt. But this shouldn’t be a reason to just drop out right?

I get it; people are frustrated that they have to pay an arm and a leg to go to college. Heck, I’m frustrated that I have to pay an arm and a leg to attend a University, but I’m probably not going to just drop out.

Education was never meant to be a sure fire deal that said you were going to make loads of cash. It was put in place to actually educate anyone who was willing to learn. It’s called a place for higher learning not a place to obtain a higher stack of cash in your wallet.

What Thiel could have done was used the money that he wanted to give to college dropouts to help finance vocational schools or other programs that those people who graduate after high school can attend to quickly learn much needed skills for a lifelong trade.

Simply handing out money without is somewhat irresponsible on Thiel’s part.  There’s a skills gap growing in our nation because the future generation is just brushing off all forms of education beyond high school.

A four year University isn’t the only option for learning, but if you develop the mindset that school equals money then you will be disappointed. School is for learning.

Now obviously it would be nice to end up making bank at Bill Gates status, but shouldn’t you be going to college because you want to learn? If your soul purpose in life was simple just to get rich quick, then maybe you should let someone else take your spot in college and take Thiel up on his offer.

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