Students paid $100,000 not to go to college

I have a family member and her husband both with UKdegrees in medicine, not wanted in Canada, both now practice in new Zealand, nuff said.

They want you to go to college , why? so you can owe the banks big money in education loans, half the time when they graduate they can,t get work in the field they chose, its a scam, run by the banks and colleges. Degrees now are ten a penny and a lot are not worth more than a fraction of what it cost to obtain them.

College has turned into a daycare for adults. The only people that really benefit, are the ones that already have a career path planned out and could probably succeed on their own. Everyone else is just there for the orgy.

I agree with Theil. I have a college education, but I couldn't get a job in my field because I didn't have much experience. On my resume I listed things I learned to do in college. At an interview, however, I was asked where I did this stuff. When I replied, "In college", I was told, "That's not experience!" Neither is volunteer work considered experience by interviewers. But you need experience to get experience. It's a catch 22 situation. PayPal and Theil offer a way out with this.

Learning in the real world. What a concept! I think this is awesome. There is no learning that comes close to what you can learn in a hands-on environment with nurturing mentors to help you every step of the way.

What? There's no Santa Claus? Since when?

And to think I need high school and college just to drive a garbage truck! What gives??

Sometimes its sad when some institutions NEED to see a degree to recognize one as someone worthwhile to be hired. There are many people out there at the time which may have not the finance nor the time reason to get a 'degree' or 'diploma'. But are just as able and intelligent as a person that does.

It's sadly so TRUE education does not mean you will land your job ! I have a friend who works at Safeway with a Finance Business degree from a top school, this is after a 1 semester internship, graduation, followed by a 5 month job search !

The number of graduates is waaaaaay more than the jobs available, most of my friends are moved back in with parents due to $1200 + a month owed to student loans! They can't afford to live on their own. Most of the people from my graduating class are doing jobs you don't even need a 4 year degree or diploma to do!!!

Education is way overpriced for what it delivers! Traditional education system continues to FAIL many. If people don't wake up and start thinking for themselves, they are doomed to be forever in debt,overworked and underemployed for the remainder of their lives.


Student loans are going to be the next mortgage crisis, just watch.

Aprenticeship is a very, very viable alternative. I have a trade license and am earning another at this time... looking at making 6 figures next year and I have skills that all of my sub 60k office friends envy and want to use.

Finally, someone someone (Peter Thiel, PayPal's co-founder) prominent states it like it is. Higher education is just another bubble. Straddling people with enormous debt for another junk job or the McJob! Or one can take the example of Wall Street. All of those over educated people that have screwed the economy worst than any other time in history! Creating & Selling derivatives... something with absolutely ZERO value! Imagine that... that is just that imagined!

Go get a liberal arts degree, spend 100,000 and then work as a clerk at Canadian Tire. It's the Canadian way!

I like the fact that he challenges the norms and belief systems we are addicted to. One of my relatives founded what would be come one of the largest companies of it's type in the world and is a household word. He was the son of a single mother who fed her children by renting rooms out of her house. He spent a very short time in college before discovering his path but died the 11th richest person in the world. I just wonder how many brilliant minds are depressed and thwarted because they believe that without a degree they are useless or have no way of ever seeing their potential. Kudos to Peter in trying to show the world that the Bill Gates of the world are not a fluke but maybe the universe trying to get us to see a reality we have chosen to ignore!

education - both private and public is a huge industry. The teachers / instructors are in it for themselves first and formost. The benefits of education, of course, are a good thing overall but certainly not as much as the education insdustry and marketing wants you to believe.

I work at an engineering firm. And trust me you would not be able to do shit there, if you were just "intelligent" without a degree or diploma. You have to have some background education in order to "know what you are doing and why".

$100,000 bucks. Sounds like a heck of a parcel of cash to anyone in the 18-20 age bracket. Hell i'm 71 and it sounds like a million to me on 1300 a month pension. BUT! Let me say this to anyone that thinks this is the best deal. (It may well be)? Education whether taken in a school classroom or taken out in the field of real-life is a requirement of society. Classroom cost you or parents thousands to keep you there and no guarantee you'll pass the exam or get a job when you finish. However taking a paid scholarship in the real world also has drawbacks. The technology you create is in the name of the company you work for, so even though you develop that technology you will NEVER own it or be able to sell it either. So is that $100,000 such a good deal? Take head and have solicitor create a contract so you keep your invention.

And for all those criticizing higher learning, who do you think made your iPhone... a bunch of college drop outs. I don't think so. When you get sick, who do you think made the medicine to make you feel better.

There is nothing wrong with not pursuing higher learning if you don't want to, just don't criticize those who do or make it seem like its a waste of time. Most advancements in technology, medicine, etc. that make our lives easier comes from people with higher education. I think they need to be applauded for that.

See not many times you can get a great deal for not studiying, when I came to Canada many years ago the Canadian Government never recognized my University degree from back home, so I had to re-study the 12th grade and then went to college so I was studying and working at the same time in order to get my college degree, so I graduated and even moved to British Columbia in order to get a better job and no I never got a great job now I work in the mailroom of a corporation of course but employers never hire me and I guess because I am a Latino but there are a lot of Asians and East Indians in great positions when many of them haven't even finished their college
And that's what is called "CANADA EQUAL OPPORTUNITIES FOR ALL"?
I DON'T THINK SO!!!!!!

Nothing wrong taking a break from school for 2 years, get paid 100,000 to still learn and have hands on training and then after 2 years they can go back to regular classes to achieve more credits. How many students take time off before college just to loaf around while deciding what they want to do?

I am 58, came to Canada 11 years ago and I cannot believe the homogeneous population.
You might be culturally diverse and that’s great but educationally its like a load of robots, pass exams , take courses, get a degree, oh then get a PHD , get a job oh then take more courses

Real life knowledge and knowledge of different ways of doing things is sadly lacking