[T]he College of Cambridge of their own Motion, presented me with the Degree of Master of Arts. Yale College in Connecticut, had before made me a similar Compliment. Thus without studying in any College I came to partake of their Honors. (3.65)
This just goes to show how, despite not getting to have a formal education Franklin still ends up with its benefits. These aren't just any colleges giving him degrees – he's talking about Harvard and Yale. Two of the oldest (well, then they were pretty young), most prestigious universities around, and they're giving advanced degrees to someone who dropped out of traditional school at age twelve. All that reading Franklin did really pays off here.