Recently, some critics and policymakers have started to question the value of a college education given the increasing costs of attending and the commensurate high debt levels of college graduates. Past and present studies also demonstrate that the average value masks important variation by degree level and field of study. This paper focuses on…

Substantial growth continues in both the number and percentage of students of color obtaining master's, doctoral and first professional degrees, but there is still notable under-representation among African-Americans, Hispanics and American Indians at the doctoral and first professional ranks. The overall numbers also mask important…