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鈥淎s economists, we pride ourselves on the fact that we want to look at the data,鈥� John Williams, president of the San Francisco Federal Reserve, tells Yahoo Finance in the accompanying video. “We don鈥檛 have a bias one way or another. We just want to do the analysis.鈥澛� And Williams says that analysis strongly points to the value of a college degree.
But college is an investment, Williams points out.聽 Assuming a typical four-year public college tuition, it takes about 鈥渘ine or ten years to pay back on that investment,鈥� says Williams. 鈥淭hen after that, it鈥檚 all gravy,鈥� he says.