Non-College Scholarship

Posted: Jun. 6th, 2011  |  By JustLuxe Team

Teens across American are being granted a scholarship that asks them not to go to college. In a twist from the norm, a tech tycoon out of San Francisco, Peter Thiel, is granting $100,000 to brilliant students who are going to follow their entrepreneurial goals, for two years, rather than attend the top schools offering educational scholarships.

Nick Cammarata, age 18, of Newburyport, Massachusetts says, "It seems like the perfect point in our lives to pursue this kind of project." Nick is one of 24 students given the opportunity to follow their dreams, without higher education standing in their way. Peter Thiel picked every winner based on the “potential of their proposed projects to change the world.” Thiel also added, "Turning people into debt slaves when they're college students is really not how we end up building a better society."

Thiel, a Stanford Law School graduate, made his riches by co-founding PayPal, and as one of the first investors in Facebook.