Peter Thiel pays students $100,000 to drop out of college

In the following video on 60 Minutes, billionaire Peter Thiel shares his views on higher education with Morley Safer. Since Thiel doesn’t believe going to college is worth the cost, he pays students with promising ideas $100,000 to drop out of college and become entrepreneurs instead.

Having billionaires pay you to randomly try things: the new, sustainable model for education.

Update: Ironically enough, if you want to work at Thiel’s hedge fund as an analyst, you need a high GPA from a top-tier university! (The fund changed the job posting following Slate’s reporting.)