The Value of Higher Education

i wanted to bring back a clip from an old episode with scott galway, where he talks about a the oll idea of brands and colleges. Despite the fact that the number of people going to college is increased dramatically, the number of seats that have been offered by the top universities has stayed flat. And i think, i think professor galloway is completely right where he's talking about, ah, we've created this notion of higher education that the value is scarcity. If you can get into the school, that signals something about your pedigree, or your work ethic, or your determination. But on a risk adjusted basis, it's likely that your children will be somewhere in your way