Previously I wrote and quoted about this in:
Paying kids $100,000 to start a business rather th...
SAN FRANCISCO – Instead of paying attention in high school, Nick Cammarata preferred to read books on whatever interested him. He also has a gift for coding that got him into Carnegie Mellon University's esteemed computer science program despite his grades.
But the 18-year-old programmer won't be going to college this fall. Or maybe ever.
Cammarata is one of two dozen winners of a scholarship just awarded by San Francisco tech tycoon Peter Thiel that comes with a unique catch: The recipients are being paid not to go to college.
Instead, these teenagers and 20-year-olds are getting $100,000 each to chase their entrepreneurial dreams for the next two years.
"It seems like the perfect point in our lives to pursue this kind of project," says Cammarata of Newburyport, Mass., who along with 17-year-old David Merfield will be working on software to upend the standard approach to teaching in high school classrooms.
Merfield, the valedictorian of his Princeton, N.J., high school class, is turning down a chance to go to Princeton University to take the fellowship.
Thiel himself hand-picked the winners based on the potential of their proposed projects to change the world.
All the proposals have a high technology angle but otherwise span many disciplines.
One winner wants to create a mobile banking system for the developing world. Another is working to create cheaper biofuels. One wants to build robots that can help out around the house. end quote.
Once again this is a workable solution for some people who are idea people with great ideas in order to jump start the U.S. economy with needed new ideas once again. I hope other companies and company heads as well as private investors create these kinds of scholarships as well to jump start America once again to get us fully employed once again. Because the kids actually going to college and getting student loans need some place to work when they graduate or they won't be able to pay off their student loans ever.
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