A new program will 'reward' students who drop out of college in pursuit of doing big things.

If you think the school is a waste of time, you are not alone. Successful entrepreneur and President of Clarium Capital, Peter Thiel, agrees with you and even wants to pay you to drop out of school. Thiel's new initiative will offer grants of up to $100,000 to 20 kids under the age of 20 with an aim to discover those who think about big things early in their lives. Thiel describes his program as “stopping out of school” and adds that his program will also allow young minds to focus on discovering new things rather than worrying about burdening college debts.

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