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Freakonomics Radio

503. What Is the Future of College — and Does It Have Room for Men?

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 19 May 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

Educators and economists tell us all the reasons college enrollment has been dropping, especially for men, and how to stop the bleeding. (Part 4 of “Freakonomics Radio Goes Back to School.”)

Transcript

Click on a timestamp to play from that location

0:00.0

In 2013, the Lewis College of Business in Detroit shut down and put itself up for sale.

0:10.7

The asking price was $3.2 million.

0:13.5

$3.2 million is not very much for a whole college.

0:17.8

That's what the basketball coach at the nearby University of Michigan makes in one year.

0:22.6

But apparently that's all the Lewis College of Business was worth.

0:26.7

It was a small private school, the first and only historically black college or university

0:32.3

in Michigan.

0:33.3

HBCUs have been getting more attention lately, but again this was 2013.

0:39.7

The funding wasn't as supportive for HBCUs as it's been in the last few years.

0:46.7

And this was a smaller school, so it received a smaller piece of the pie.

0:51.2

That is D-Wayne Edwards.

0:52.7

She and his family recently moved to Detroit.

0:55.7

As we'll hear today, he took a personal interest in the history of the Lewis College of Business.

1:01.4

He tells us it was founded in 1928 in Indianapolis by Violet Lewis.

1:07.6

She was one of three black women to found an HBCU.

1:11.3

One of three, right?

1:12.3

I didn't know about her.

1:13.3

I found her love at her and her story.

1:15.4

She started the school on a $50 loan and she borrowed typewriters to teach black women

1:21.3

the skills to work in corporate offices because we weren't allowed to do that at that time.

1:26.6

Relocating the college from Indianapolis to Detroit had worked out well.

1:30.9

By the middle of the 20th century, the auto industry was massive.

...

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