# Multimedia 

Multimedia 

---

- [Podcasts](/podcasts)
- [Cato Video](/multimedia/cato-video)
- [Video Series](/search/category/video-series)
- [Events](/multimedia/events)

[ 

Download Episode 

](https://assets.pippa.io/shows/5e28e0d8963f166217546493/f5476b37-b48a-4381-82d5-7e66c43bf270.mp3)Subscribe:

[ 

Apple Podcasts 

](http://itunes.apple.com/podcast/cato-daily-podcast/id158961219) [ 

Spotify 

](https://open.spotify.com/show/4dHRhKEljj8zcLdl3Gvsv7) 

Cato Weekly Podcast • July 20, 2021 

# How Government Boosts Low-ROI Graduate Degrees 

Even some graduate degrees from elite institutions deliver few earnings benefits. Why do people get them? And how do government payoff programs make the cost of those degrees appear lower than they really are? Neal McCluskey explains.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Neal McCluskey Cropped](/sites/cato.org/files/styles/author_picture/public/2023-11/mccluskey-cropped.jpg?itok=I-QI0yJD)](/people/neal-mccluskey) 

##### [Neal McCluskey](/people/neal-mccluskey)

Former Director, Center for Educational Freedom, Cato Institute

[![Square face shot of Caleb O. Brown.](/sites/cato.org/files/styles/author_picture/public/2021-01/cbrown_sq.jpg?itok=zSWLm8kR)](/people/caleb-o-brown) 

##### [Caleb O. Brown](/people/caleb-o-brown)

Former Director of Multimedia, Host and Executive Producer, *Cato Daily Podcast*, Cato Institute