Ivy league dropouts are usually the ones to reject a formal education to build massive companies, but this MIT drop out is different — because he never wanted to leave school in the first place!
Think a competitive university environment is impossible without the high cost of tuition? Jeremy Rossman, an MIT dropout with a passion for learning, says "No," and has built his own college to prove it. Rossman founded what's called Make Project in California: a brick-and-mortar effort that has continuing progressive education at its core, without any hurdles of upfront tuition cost. Instead, his first core of students, many of whom are dropouts themselves from other well known ivy leagues, will attend and graduate before being asked for a penny. But this is not some impossible miracle charity effort.
Rossman and the Make Project are confident a low student count, forged with highly competitive acceptance rate of a mere 10%, will literally pay off — not just monetarily, but as an investment in his own future employment as well. His plan? Once graduates are equipped with jobs and salaries, Rossman says, they are expected to pay back a percentage of their salaries to cover the cost. But that's not all; Rossman is certain his career in education won't last forever; he expects his own students will offer him a job down the line.
Mark Rossman and this interesting new take on the college tuition model certainly raises many questions about the cost of education. Watch the video below to learn more about this amazing new take on college, and let us know your thoughts on the growing problem surrounding the costs of a formal education.