(CBS NEWS) — One of the wealthiest, best-educated American entrepreneurs, Peter Thiel, isn’t convinced college is worth the cost.

With only half of recent U.S. college graduates in full-time jobs, and student loans now at $1 trillion, Thiel has come up with his own small-scale solution: pay a couple dozen of the nation’s most promising students $100,000 to walk away from college and pursue their passions.

WND note: See Whistleblower Magazine’s special report: THE COLLEGE ILLUSION: Why chasing a degree so often ends in financial and educational chaos

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