Does the High Cost of College Really Pay Off?

Peter Thiel, the co-founder of Pay-Pal and a graduate of Stanford University, is paying 24 entrepreneurial college-age students $100,000 NOT to attend college for two years.  Instead, the students will spend their time and energy developing business ideas while participating in a mentorship program in Silicon Valley.  This program is the outgrowth of his idea that the high cost of college education is not justified in today’s world.  But is he right?  Does the money invested in a college education pay off?

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Tags: college planning tips, high return on investment, is college worth it