America's career coach Ken Coleman reacts to billionaire Peter Thiel offering entrepreneurs $100K to skip college and start their own business on 'The Big Money Show.'

Between 1980 and 2020, the average price of tuition, fees and room and board for an undergraduate degree increased by a whopping 169%. More than half of bachelor’s degree recipients from a public or private four-year college graduated with debt in 2020, and the average debt load was $28,400.

Both parents and students are questioning more than ever whether the cost of a college degree is worth it and now Peter Thiel has a new solution for young people… it’s called skipping college.

Thiel has a new concept. Pay students $100,000 to drop out of school to start a company or start a nonprofit.

Peter Thiel speaks during the Bitcoin Conference at Miami Beach Convention Center on April 7, 2022, in Florida. (Marco Bello / Getty Images)

No, this isn’t pay a pal. The new program will announce 20 new fellows, chosen from an applicant pool that is larger than ever to launch companies in AI, cryptocurrency and robotics with one of the biggest success stories being Vitalik Buterin, co-founder of Ethereum.

IF YOUR COLLEGE DEGREE DOESN'T........

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