Productivity and Prosperity

The Value of a College Education and the Burden of Student Loan Repayment


Kent Hill, Ph.D.
Principal Research Economist, L. William Seidman Research Institute

Estimates the average financial return on investment of a bachelor's degree for men and women, examines the variation in the rate of return by field of study, and investigates the burden of student debt. The net present value of a degree is substantial, more so for men than for women, but varies considerably by the major field of study.


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Kent Hill, Ph.D.
Kent Hill, Ph.D.
Principal Research Economist, L. William Seidman Research Institute

After completing his undergraduate degree in economics at Wake Forest University, Kent received his Ph.D. in economics from Rice University in 1979. He was an assistant professor at ASU from 1978 to 1983. After leaving the university for seven years, during which he worked in the research department of the Federal Reserve Bank of Dallas, he returned to ASU to teach in 1991. He joined ASU’s L. William Seidman Research Institute in 1999.


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