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Examining the Thiel Fellowship: Where are they now?

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Re: Examining the Thiel Fellowship: Where are they now?

#11
post #10

"From talking to them, many express that these experience have focused/clarified what they hope to gain from college, intellectually and personally." As someone who made money on the internet in my teen years, I too spent quite a bit of time thinking college was a waste. For a lot of people, I still think it's a waste of their money, just that my reasoning is different. Everyone can benefit from college, but you real…

What is the "correct mindset?"

Re: Examining the Thiel Fellowship: Where are they now?

#12

Earlier quoted context omitted.

I'd say that the fellows returning to college aren't taking this as a resume builder, but as a useful series of experiences that they've learned from. From talking to them, many express that these experience have focused/clarified what they hope to gain from college, intellectually and personally. As a fellow, I personally don't see this as a complete alternative to college, but more a support system for working on m…

So I appreciate what you're saying, and I bet it was a great experience. But it was launched as an alternative to college so if it doesn't achieve that and people do this as well as college, while that's fantastic and sounds great, it's not a step towards crafting a college alternative as t was originally pitched. At least from my understanding as I read about it when it was launched and subsequent coverage.

I don't think it was actually launched as an "alternative to college." I think the media played up that perception, because the media loves X vs. Y conflicts.

Re: Examining the Thiel Fellowship: Where are they now?

#13
post #10

"From talking to them, many express that these experience have focused/clarified what they hope to gain from college, intellectually and personally." As someone who made money on the internet in my teen years, I too spent quite a bit of time thinking college was a waste. For a lot of people, I still think it's a waste of their money, just that my reasoning is different. Everyone can benefit from college, but you real…

What is the "correct mindset?"

Internal instead of external motivation to learn, I think.

I took a year off before college, lived on my own, and worked in a warehouse. For me, it was a great idea, and I think I got more out of college because of it.

Re: Examining the Thiel Fellowship: Where are they now?

#14
post #10

"From talking to them, many express that these experience have focused/clarified what they hope to gain from college, intellectually and personally." As someone who made money on the internet in my teen years, I too spent quite a bit of time thinking college was a waste. For a lot of people, I still think it's a waste of their money, just that my reasoning is different. Everyone can benefit from college, but you real…

What is the "correct mindset?"

Open to learning different things, open to spending time with and bonding with a diverse group of people.

Focus less on a singular goal and experience the life around you. Spending time living on campus is key to this.

Re: Examining the Thiel Fellowship: Where are they now?

#15
post #10

"From talking to them, many express that these experience have focused/clarified what they hope to gain from college, intellectually and personally." As someone who made money on the internet in my teen years, I too spent quite a bit of time thinking college was a waste. For a lot of people, I still think it's a waste of their money, just that my reasoning is different. Everyone can benefit from college, but you real…

As someone who does a lot of thinking about education reform, people have asked me what I think about college. I basically say, "I'd have to see." Because the largest problems with colleges can be derived from the simple fact that most students aren't ready to be in college. That's why so much of undergraduate-level coursework is about filling the holes in general education... and such cramming in makes it difficult to get a good immersion in any specialization. That's why your major usually doesn't matter.

I want to see the core system, the primary and secondary schools, overhauled. Wait twenty years. Then see what problems there actually are.

Re: Examining the Thiel Fellowship: Where are they now?

#16

Earlier quoted context omitted.

The amount of money the fellowship gives is about the same as two years worth of tuition at Stanford. In what ways is it not scalable?

I'd say it's not scalable not because of the money, but because it's incredibly difficult to find people for whom the Fellowship is the right thing: The 20 fellows chosen in each batch are people who are not only sharp, but have projects and visions that they are already tackling. They tend to teach themselves what they need to learn to make those things work, and have the resourcefulness and skills to make their pro…

There are tens of thousands of bright young kids under 20 reading the internet and getting big ideas. Maybe 10,000 read this website.

Re: Examining the Thiel Fellowship: Where are they now?

#17

Earlier quoted context omitted.

The amount of money the fellowship gives is about the same as two years worth of tuition at Stanford. In what ways is it not scalable?

Yes but students pay for going to Stanford they're not paid to go. For this program to replace college someone has to pay for the fellowships. Hence not scalable. Money flows to student in one and away from student on other, no?

Just pay yourself the money you were going to pay a college.

Re: Examining the Thiel Fellowship: Where are they now?

#18

Earlier quoted context omitted.

Yes but students pay for going to Stanford they're not paid to go. For this program to replace college someone has to pay for the fellowships. Hence not scalable. Money flows to student in one and away from student on other, no?

Just pay yourself the money you were going to pay a college.

which is very much NOT the same as someone else paying you money and certainly not available to the majority of people who pay for college on huge subsidize loans

Re: Examining the Thiel Fellowship: Where are they now?

#19

Earlier quoted context omitted.

The amount of money the fellowship gives is about the same as two years worth of tuition at Stanford. In what ways is it not scalable?

Yes but students pay for going to Stanford they're not paid to go. For this program to replace college someone has to pay for the fellowships. Hence not scalable. Money flows to student in one and away from student on other, no?

Actually, Stanford does essentially pay students to go. Each undergraduate student costs Stanford about twice as much as they pay in tuition. This is typically the case at elite colleges, which is why they spend so much time seeking donations from alumni.

(Also, the vast majority of students don't pay full tuition anyway because of the extensive financial aid systems at these schools.)

http://talk.collegeconfidential.com/college-search-selection...

http://www.deltacostproject.org/resources/pdf/Delta-Subsidy-...

Re: Examining the Thiel Fellowship: Where are they now?

#20
post #19

Earlier quoted context omitted.

Yes but students pay for going to Stanford they're not paid to go. For this program to replace college someone has to pay for the fellowships. Hence not scalable. Money flows to student in one and away from student on other, no?

Actually, Stanford does essentially pay students to go. Each undergraduate student costs Stanford about twice as much as they pay in tuition. This is typically the case at elite colleges, which is why they spend so much time seeking donations from alumni. (Also, the vast majority of students don't pay full tuition anyway because of the extensive financial aid systems at these schools.) http://talk.collegeconfidential…

That can't be right. First, your Delta study is woefully lacking in school - specific information. Second, the college confidential link's methodology seems to be missing a lot to me, particularly in the way of revenue. For example, for many universities (eg UPenn) the parking department is actually a huge revenue driver that must be taken into account to calculate overall university P&L, and that kind of thing is completely ignored here. Schools are businesses; you can't just ignore the other sources of revenue. As such, those estimates are hugely over inflated. Is Yale really spending $100k PER STUDENT each year? How could that possibly be?

Let's look at Stanford. Wolfram Alpha claims 6532 undergrads, $37380 tuition per year. If student cost was truly double tuition, Stanford would be operating at a loss of $244.4MM per year, and (all other considerations aside) the $12.6BB endowment would be gone in 50 years. Ultimately, the reported cost is often based on some key assumptions that aren't always stated, and I'm pretty sure we as a population don't actually have much clarity on the true cost of educating a student, if it's even possible to really quantify such a thing (try measuring the monetary cost of creating a supportive environment or a caring teacher).

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