The Thiel Foundation is currently processing hundreds of applications for its second class of Thiel Fellowships. Each of twenty winners will receive a $100,000 grant to pursue an entrepreneurial venture and must in turn agree to skip college for at least two years. Some in the media suggest Peter Thiel is using his Fellowships to brazenly challenge and undermine mainstream college education. But they are wrong.

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"For Better Rating Agencies Go Back To Campus" (November 18, 2011), Forbes, Yuval Bar-Or