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If you can take the same degree for $5K instead of $50K, no one will be taking the $50K degree. Most people go to university for the credentials of the university.


For the wealthy, University degrees might just be a Veblen good.

It might be the "same", but there will be people that judge them for getting the cheap one.


$5k is for education, $45k is for campus life with offspring of the right families. May be a good deal from a purely rational standpoint.


If they are the same, there shouldn't be any difference between the two issued. It'd be possible to know only by asking the candidate.




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