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The -- foundation is paying the country's most enterprising young minds 100000.
Dollars to drop out of college not even go out.
24 young students -- shoes and I've chosen every yeah they're all -- -- twenty years old they'll get the cash to start a business instead of going to school.
So I pose this question is college worth it.
That's your foundation Jim O'Neill joins the company right here -- -- you'll -- welcome the program thank you for having me I've got to say look I'm the father of six.
I I tend to think that on occasion.
College is a lousy deal you say.
It can be very viable for some people at some price.
But for other people and other prices and may not be the best use of their time and money is that what -- Foundation's sign that colleges is just not what that for some people on some occasions it's not worth it.
Yes and you give them a 100000.
Dollars apiece to go out and start a business exactly the -- -- come -- -- with a business plan sure.
Not a business plan we -- remorse in the person on the idea in fact since we've chosen on some of changed their ideas about where we're really we focused on finding really bright people with great technological potential -- The business plan is kind of up to them how you've been doings at how many years have you done this as the First Act.
There just announced the winners last week I will have one of the winners I believe on this program -- -- that would be great on Friday actually.
Scrap what kind of businesses -- -- proposing is it is a dole entrepreneurial stocked up on tech stuff.
It pretty much is so it ranges from robotics Biotech space computers.
A whole range of science -- technological fields.
I just have to tell you that there's a lot of young friends of my kids who come to the house the graduated college.
-- -- coupled with 8980000.
Dollars worth of student debt.
The right from the get go these kids saw with this massive -- around the -- percent of their bankruptcy -- -- -- -- got to pay off that debt.
I think you've got a great idea thank you we did to.
Again I ask the question.
Not what that some -- exactly what you could get heavily criticized him in the American dream as you go to college or by the council rest of it you'll discouraging people.
We we think people should make Smart financial decisions think about them ahead of time that applies to houses that applies to.
Going into debt for an education you should think about what your opportunity costs are what your alternatives are.
And you know if you if you feel motivated to start a business at seventeen maybe give that a try if it doesn't work out a couple years.
You're not paying him you're not paying where there is manslaughter and go to college later you how about politics of it along these colleges also rose skewed to the laugh that keeps him socialism you got -- -- -- I think we're more focused on the economic.
Problems with college as opposed the political -- -- -- people have concerns about politics -- focus on economics you're teaching them capital as well we're we're we're we're having them actually.
Create companies which is the best education and economics habits and also Jim O'Neill we are hopeful that thanks for joining -- went -- when you winners on Friday on this program great thanks for having me thank you remember it.
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