Spero: The value of the college experience is real and large and variegated. He says it's not just about getting connections so you can get a job at goldman or mackenzie. A lot of human capital accumulation takes place outside the classroom, he says. Spero: Does a pretigious college produce more of these benefits? This is a hard question to answer,. But i think that there could definitely be a traite off in regard to some economic instructors at a place like rutkers are better than those at princeton.