This paper examines indicators related to earnings and student loan debt for evaluating return on investment (ROI) for postsecondary education. It first considers four different options for measuring earnings, arguing that measures of postsecondary value should include investment-to-earnings and earnings growth metrics. The paper then discusses how earnings should be measured at the program and institutional levels. Student loan debt metrics are examined next, with preference for a status-based over balance-based repayment rate, followed by a discussion on repayment rates by race/ethnicity, gender, and completion status. The paper concludes by discussing the challenges of using publicly available data to examine earnings and repayment rates as well as areas for future research.