Nov 212013

Part 1 explored the value of a college degree and the market for fake diplomas. This episode looks at tuition costs and also tries to figure out exactly how the college experience makes people so much better off.


College STUDENTS: My name is Allison, this is my last semester at Duke University… we’re at Minneapolis Technical and Community College … Mitchell State University in St. Paul… first year at Wellesley University … I’m at University of North Carolina …I’m a sophomore, I go to Morehouse College … I’m Jasmine, I’m a freshman and I’m at Harvard University. I’m Jasmine, and I’m a freshman, and I’m at Harvard University. You guys are both Jasmine? Yeah! (laughs)
FREAKONOMICS: Can I ask y’all some questions? This is for a show called Freakonomics Radio.
STUDENT: What? Of course. I’m an economics major and philosophy minor, bring it. Jeffrey Williams from East Atlanta, Georgia.
FREAKONOMICS: Do you think college is worth it?
STUDENT: I feel like if a bunch of people from the community just sat in a park every day for three months straight and just exchanged books and had lectures, we’d learn much more than we had in three years here.
STUDENT: I guess that when I came here, I was expecting I’d put a lot of time and effort and money into this, and I wanna get that out it’s not looking that way right away.
STUDENT: I always worry, because of what the economy’s like and everything, if I’m going to have a job, if there’s going to be a job out there for me.
STUDENT: In today’s day, a college degree is what a high school diploma was decades ago.
STUDENT: You didn’t really think about why you were going to college, just that you were going to.
STUDENT: Society forces you to think that because you go to college, you’re going to be successful. And that’s not true. You don’t need college.


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