I truly hope he is right. We cannot continue on our current path. It is not financially or ideologically sustainable.

The College Fix reports:

Peter Thiel predicts ‘reformation’ of higher education in speech to student journalists

Peter Thiel is an optimist.

Standing before a room full of nearly 100 right-of-center student journalists on Friday night, he told the crowd “we are not on the losing side of history.”

But a “reformation” needs to happen first, the billionaire tech mogul and libertarian philanthropist said.

“Universities today are as corrupt as the Catholic Church of 500 years ago,” Thiel said.

During his speech, he spoke of an academia that has shut down debate, excommunicated conservative scholars, and insisted a college degree is the only way to “salvation,” that being a good job and solid future.

“The reformation is going to happen,” Thiel added, noting it won’t come from within, but from the “outside.”

Thiel made the comments in a keynote speech at the Intercollegiate Studies Institute’s Collegiate Network editors’ conference. The group funds independent and conservative-minded campus news outlets at universities across the nation, and Thiel is an alumnus of the 39-year-old nonprofit, founding the Stanford Review in the late 1980s.

Thiel is no stranger to criticism of higher education. He’s famous for his program that has students skip college or drop out to follow their entrepreneurial dreams with a grant.