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Business Consulting For The 21st Century Via A Holistic & Intelligent Approach

Peter Thiel on 60 Minutes: Tune in. Start up. Drop out.

Consumed => “Peter Thiel: Dropping out: Is college worth the cost?” on 60 Minutes.

http://www.cbsnews.com/video/watch/?id=7409142n

=> My value add (i.e., left a comment)…

Not everyone is wired to be an entrepreneur. Not everyone is wired for college.  In that regard, Thiel is spot on. Education as an ends is false god. With that said, Thiel offering just $100k is as insulting and opportunistic as the college admission boards and the banks shoveling out loans for higher education. Regardless, one thing is for certain, the current status quo of higher education is sitting at the front of the line for who’s next for an internet / technology enabled disruption.Thiel, like his ideas or not, is a canary in the higher education coal mine (coal mind?). If you’re going to shoot Thiel do so for being a scrooge, not for being the messenger.

With that said, a couple Sundays ago, the New York Times had a featured piece on the cost of a college education. One of the key quotes was a student saying, “No one told me the loans were going to add up like that.” Pardon me but if you can’t multiply eight semesters by the amount of your loans…well, perhaps you don’t belong in college in the first place? Or perhaps it wasn’t a math problem? Perhaps she didn’t understand the definition of loan?

As I said, college isn’t for everyone. Those who believe otherwise are just sitting ducks to be sucked into the machine.

I do have one question for 60 Minutes to explore: If this bubble bursts as well, then what?

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