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$100,000 Grant to Drop Out of College?


Feb 19, 2016
There are scholarships, grants, and fellowships that reward students based on academic, athletic, music, and other types of achievements. But now there's one that encourages students who have enrolled to drop out. The Thiel Fellowship awards $100,000 to students who want to build and create things instead of sitting in a classroom. Founded by Peter Thiel, one of Forbes' top entrepreneurs, the fellowship encourages a non-traditional alternative to a college education, and some pretty bright students have jumped on board to learn before they get an education. Naturally, the Fellowship struck a heated national debate upon its inception. Academics tend to believe that a college education is invaluable, including Stanford's President-to-be Marc Tessier-Lavigne. He was asked about the [...]
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10 months ago 18 comments

Many students find an area of interest outside the classroom to be involved in during high school, but being involved in extracurricular activities at college has a significant impact on your education experience and even future career. It allows you to build your resume, make new friends and provides scholarship opportunities that you might not have otherwise known about. During the first [...]

16 months ago 2 comments Read More

For those of you that don’t closely follow politics, tonight President Barack Obama will deliver his fifth State of the Union address. If you aren’t familiar, the address not only reports on the condition of the nation but also allows the President to outline his legislative agenda and national priorities. And with potentially millions of young Americans watching, we wondered what issues mattered [...]

35 months ago 0 comments Read More

I don’t think most students will disagree with me when I say college messes with your head. It’s not a bad thing to become wrapped up in the culture and “crazy” things start to seem “normal” – midnight pancake breakfasts, grown men dressed up as professional wrestlers breaking chairs on each other in the quad, and just dorm food in general all become regular life – yet one of the most confusing [...]

56 months ago 0 comments Read More

Community service is something most of us have done at one point or another. For some high schools, it’s a graduation requirement but I believe serving your community is vital whether it’s mandated or not. The good news for college students is that not only does community service help others but it can also translate into money for school. One renown program is AmeriCorps. Several colleges [...]

65 months ago 0 comments Read More

The decision to attend college is one that everyone arrives at differently. For some, not going to school isn’t an option, be it by their own standards or their parents’; for others, taking the next step in their educational career may have required a little more convincing. I have even heard stories of parents who bribe their kids to go to college with promises of apartments or cars. While [...]

66 months ago 0 comments Read More

Here at Scholarships.com, all of our resources are geared toward helping students prepare for and afford college educations...not leave them behind. That being said, this new award probably won’t be popping up in our database any time soon. Peter Thiel, the co-founder of PayPal and the first outside investor in Facebook, announced the inaugural recipients of the Thiel Fellowship, a program [...]

67 months ago 0 comments Read More

There's been a lot of talk about Harvard lately – its reinstatement of early action, a graduate winning the Best Actress Oscar, another Winklevoss lawsuit against Facebook, etc. – but this next story doesn’t fall within the boundaries of its ivy-covered campus...and not that far away, either. An arm’s length, shall we say? Desperate to pay off their children's $20,000 worth of student loans, [...]

70 months ago 0 comments Read More

Is your dad a congressman or your mom a prominent surgeon? Do you have an uncle or aunt in the Senate? Well then, you’re in luck because the world is your oyster. According to a report in the Wall Street Journal, more colleges, including Middlebury, Wake Forest, Williams and Tufts, are either taking applicants’ financial statuses into account or have been offering admission to wealthier students [...]

70 months ago 0 comments Read More

The road to college – once thought to be straight and narrow – is detouring into uncharted territory. It was once expected for all high school seniors to matriculate to an institute of higher education the semester after they graduate but today, many students (and their parents) are considering the notion of taking a year off from formal schooling first. But what do students do during this [...]

72 months ago 0 comments Read More

In addition to the expansion of health coverage for Americans, another significant change has been made and another major economic issue addressed with the termination of the bank-based system of federally subsidized student loans. With a vote of 220 to 211, the controversial bill, HR 4872, was passed by the House on Sunday and is expected to gain Senate approval within a few days. The bill, [...]

81 months ago 0 comments Read More

Service-minded students have a variety of ways to fund their college education through community service scholarships and other awards. Now, students interested in attending Dickinson College in Pennsylvania can participate in a fellowship program that awards $10,000 towards tuition for each year of full-time public service completed. The Dickinson College Public Service Fellowships are awarded [...]

89 months ago 0 comments Read More

Student financial aid programs in several states may soon fall victim to sweeping budget cuts necessitated by the recession.  Ohio, Florida, Michigan, and California are all considering proposals to reduce or eliminate some state student aid programs, including popular grants and scholarships. Ohio and Florida are both making slight changes to rules in existing aid programs, resulting in less [...]

90 months ago 0 comments Read More

New college grads may face an especially tough time due to the recession.  The growth in anticipated new hires, which is measured twice a year by The National Association of Colleges and Employers, has been slowing since it reached a high in spring 2007, falling almost flat in the fall.  The numbers for spring 2009 show that for the first time in years, businesses actually anticipate hiring fewer [...]

93 months ago 0 comments Read More

Are you considering a career in public service, such as working for the government or a non-profit organization, but more than slightly overwhelmed by the thought of repaying your student loans with an often minuscule salary?  Realizing that you may actually be taking a pay cut to transition from your summer job to your "grown up" career can be demoralizing, and dealing with debt on top of that [...]

97 months ago 0 comments Read More

Applying for a number of small scholarships is a great way to accumulate financial aid for college, but some students prefer to go straight for the big fish. Rather than follow the, “a penny saved is a penny earned” mantra, they prefer to abide by the, "go for the gold" one.  Whether you are the former or the latter, plenty of scholarship opportunities are available to you. But be advised, the [...]

104 months ago 1 comments Read More

Because graduate and professional school students are no longer eligible for Pell Grants, they must search elsewhere for financial assistance. A common option is the fellowship--a financial aid opportunity created to help graduate students obtain their degree. Master, doctoral and professional school candidates who demonstrate both merit and dedication are the most common recipients of [...]

104 months ago 0 comments Read More

Women may have equal rights under the law, but their movement is far from over. According to the American Association of University Women Education Foundation, one year after graduating, women who work full time earn 80 percent of what men do. Ten years later, that percentage rises to 69 (with work hours, occupation and parenthood taken into account). Even as women continue to outperform men in [...]

105 months ago 0 comments Read More

Students eager to work for multiple degrees deserve some credit--the financial kind. Paying for graduate school is difficult, and many students leave burdened by debt they cannot realistically pay off. The federal Pell Grants students may have received as undergraduates are no longer available, and suddenly, graduate school may no longer seem plausible. The situation is particularly problematic [...]

106 months ago 0 comments Read More

The whole “college graduates earn $1 million more than non graduates over their lifetime” stat is getting a bit trite. I’ll give you a few more if you’re not convinced that college is a worthwhile investment. College graduates enjoy greater career security College graduates can offer their children a more secure financial future College graduates are healthier College graduates [...]

108 months ago 0 comments Read More

Earning an accredited online college degree can be the key to career advancement for many working professionals. In many fields, in order to move ahead, you have to earn an advanced degree. For example, if you are a Licensed Practical Nurse (LPN), in order to move to the next level within your field, you need to earn the Registered Nurse (RN) or Bachelor of Science in Nursing (BSN) [...]

109 months ago 0 comments Read More

Former Defense Secretary Donald Rumsfeld is to receive a much contested Stanford University fellowship, and to offer one. Much of Stanford University’s faculty as well as numerous students and alumni were outraged after it was announced that Donald Rumsfeld would be receiving a one-year fellowship from the school. The appointment would entail Rumsfeld examining and advising a university panel on [...]

111 months ago 0 comments Read More

Scholarships are great, all free money is. But as is true for earned income, students who receive awards may have to report them to the Internal Revenue Service (IRS). To be in the clear, undergraduate and graduate students should take the time to check if their scholarships and fellowships are tax free. As long as students are careful about how they spend the money, their awards will probably be [...]

111 months ago 0 comments Read More

Any time is a good time to conduct a fellowship search, but the beginning of each school year is particularly good. Many fellowships are awarded on a yearly basis, and applications need to be submitted before the term begins—on time. For graduate students, free government Pell Grants are no longer an option, and limiting loans should be a top priority. It is irritatingly ironic that many [...]

111 months ago 0 comments Read More

In the world of financial aid there are many different forms of assistance available to students and each serves a slightly different purpose than the other. Many students assume that words like scholarship, grant, fellowship, internship, and student loan are interchangeable. They are not, however, and the consequences of misunderstanding which form of financial aid you are [...]

112 months ago 0 comments Read More