Only 38% of americans over aged 25 have a bachelor's degree. The number of students in roldon college has gone down by about a million in the last two years. College is incredibly valuable for individuals and society, but it's still a somewhat rarefied activity,. We are going to spend the next few episodes trying to answer all these questions.
We think of them as intellectual enclaves and the surest route to a better life. But U.S. colleges also operate like firms, trying to differentiate their products to win market share and prestige points. In the first episode of a special series, we ask what our chaotic system gets right — and wrong. (Part 1 of “Freakonomics Radio Goes Back to School.”)