Peter Thiel answers a question about MOOCs (Massive Open Online Courses) and gave his thoughts about universities:
“We’re at a point where universities are going to change radically. It is an extremely corrupt system…We have a trillion dollars of student debt. To first approximation, this has gone to pay for a trillion dollars worth of lies about the value of the education people have received. It’s not at all obvious yet though, what’s going to replace this or how it’s going to change.”