We investigate the effects of post-secondary education on the economic well-being of single parents. The data for this study are from the 1993 Panel Study of Income Dynamics, with a sample of 930 single mothers and 168 single fathers. The results indicate that post-secondary education, particularly a 4-year college degree, improves the economic status of both single mothers and single fathers. Controlling for the effects of education and other factors, single fathers fare better than single mothers, and White single parents fare better than their African American counterparts. To benefit single parents, social policies must devote more resources toward human capital development and reduction of gender and race-based discrimination in the labor market.