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"Facebook Class" Made Stanford Students Millionaires

One of Professor B.J. Fogg's homework assignments for his 2007 "Facebook Class" was to create an app for the site. Doing well really paid off.


Thinking of slacking on homework? Turning in assignments can pay—especially if you're one of the 75 Stanford students who took professor B.J. Fogg's 2007 "Facebook Class." One of Fogg's fun homework assignments was to create Facebook apps, and the results have made several of the students millionaires and transformed the way Silicon Valley envisions start ups.

Fogg told the New York Times he didn't intend to turn the tech industry's business model on its head with the assignment. But his advice to students "to build no-frills apps, distribute them quickly and worry about perfecting them later," has now become "standard operating procedure for a new generation of entrepreneurs and investors in Silicon Valley and beyond."

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New Facebook App Seeks to Simplify Financial Aid Process

A new app for the social media giant hopes to make finding scholarships and filling out the FAFSA a lot easier.

Cash-strapped college students will soon have another tool to help them track down financial aid dollars: Facebook. A brand new app set to debut on the social media platform this fall will analyze information on a user's profile page and then present a customized list of grants, scholarships, and other financial aid opportunities. The idea comes from recent University of Nevada, Las Vegas graduate Devin Valencia, who President Clinton announced on Monday as the winner of the "Get Schooled College Affordability Challenge."

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