[0x12]

That's a common misconception about the Thiel foundation.

Their main point is that they think that going into a multi-year debt in order to get an education is a losing proposition for many people and that because of that you might be better of dropping out.

The 20 under 20 program is for exceptional people, see #5 in the linked article.

[amandalim89]

No doubt Peter Thiel means well. Thiel Foundation is a non-profit organization. Today it announced Breakout Labs which aims to fund very nascent research proposals — opportunities that are too early stage or radical to attract dollars from VCs or government grants.