“As economists, we pride ourselves on the fact that we want to look at the data,” John Williams, president of the San Francisco Federal Reserve, tells Yahoo Finance in the accompanying video. “We don’t have a bias one way or another. We just want to do the analysis.” And Williams says that analysis strongly points to the value of a college degree.
But college is an investment, Williams points out. Assuming a typical four-year public college tuition, it takes about “nine or ten years to pay back on that investment,” says Williams. “Then after that, it’s all gravy,” he says.