Thought Catalog

Peter Thiel

PayPal Co-Founder Gives Out $100,000 'Scholarships' To Not Go To College

Co-founder of PayPal Peter Thiel will soon be giving out $100,000 fellowships to 24 recent recipients of his Thiel Fellowship. The catch? They drop of out school and work for two years with over 100 Silicon Valley veterans as mentors to “further develop their ideas in areas such as biotechnology, education, and energy,” according to the The Chronicle of Higher Education.