3 ms·

> In future years, we also hope to explore how something like ‘financial aid’ might work for people that need a small amount of capital to help get their startu

by Keverw 10y ago

> In future years, we also hope to explore how something like ‘financial aid’ might work for people that need a small amount of capital to help get their startup going. Sounds interesting. I always kinda hated how people fresh out of high school with zero credit can have so much money handed to them for going to school. While if they wanted to get a business loan or buy a house they would be much more scrutinized. I wonder with that money instead and right mentorship if they could come out ahead of their peers who used that money for college instead. I know some people who just go to college because they feel like they have to, and get degrees they don't even use. Imagine one spending 4 years going into debt, the other coming out a head with a real world profitable startup. One thing I always hate about school work is I feel like I'm just doing stuff for the sake of being graded or being busy. I rather spend my time creating stuff that's more real instead, learn as I go. There's a bunch of free and even paid training on-demand on the internet to fill in your skill gap.

mljoe 10y ago
Thiel's Fellowship is somewhat based on that idea, a scholarship for NOT going to college. I still think college has value, but the costs have been increasing much faster then inflation, while the value has been declining due to the systemic efficiencies of acquiring knowledge in the information age. Together these are making the value proposition worse and worse. I can't judge anyone for wanting to skip college. There is a lot more we can be doing as a society to encourage entrepreneurship. It would be nice if in the future we could let our children use 429 college savings plans for angel/seed funding instead of educational expenses. Especially if tuition becomes free in the next 10-20 years anyway.
whorleater 10y ago
> I always kinda hated how people fresh out of high school with zero credit can have so much money handed to them for going to school. While if they wanted to get a business loan or buy a house they would be much more scrutinized. That's only because you can't default out of student loans and are government backed. Which if you could default and didn't have government backing, students would never be able to get loans.
rokhayakebe 10y ago
Real estate and businesses are riskier than a moderate investment in education.

by Keverw 10y ago

mljoe 10y ago

Thiel's Fellowship is somewhat based on that idea, a scholarship for NOT going to college. I still think college has value, but the costs have been increasing much faster then inflation, while the value has been declining due to the systemic efficiencies of acquiring knowledge in the information age. Together these are making the value proposition worse and worse. I can't judge anyone for wanting to skip college. There is a lot more we can be doing as a society to encourage entrepreneurship. It would be nice if in the future we could let our children use 429 college savings plans for angel/seed funding instead of educational expenses. Especially if tuition becomes free in the next 10-20 years anyway.

whorleater 10y ago

> I always kinda hated how people fresh out of high school with zero credit can have so much money handed to them for going to school. While if they wanted to get a business loan or buy a house they would be much more scrutinized. That's only because you can't default out of student loans and are government backed. Which if you could default and didn't have government backing, students would never be able to get loans.

rokhayakebe 10y ago

Real estate and businesses are riskier than a moderate investment in education.