Enstitute, an Alternative to College for a Digital Elite - NYTimes.com: " . . . But college is expensive, and becoming more so — between 2000 and 2011, tuition rose 42 percent, according to the National Center for Education Statistics — and students fear being saddled by debt in a bleak job market. (Students from the class of 2011 who took out loans graduated with an average debt of $26,000.) And some employers complain that many colleges don’t teach the kinds of technical skills they want in entry-level hires. Peter Thiel, the billionaire investor, upped the ante to this argument when he started the Thiel Fellowship, which pays a no-strings-attached grant of $100,000 for young people not to attend college and to pursue their entrepreneurial dreams instead. Enstitute doesn’t offer anything like $100,000 to its apprentices. Still, it is aimed at intelligent, ambitious and entrepreneurial types — people like Ms. Gao, who participated in the Technovation Challenge, a nine-week program and competition for high school girls to design a mobile app prototype at Google in New York. . . ." (read more at link above)
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