As the costs of college rises, it can be easy to forget that higher education is essentially an investment.
But a new report seeks to highlight that fact, by estimating the "rate of return" for degrees from the University of Hawaii.
The good news: That UH degree was worth it. The bad news: Women are still seeing a lower rate of return than men.
The report from the UH Economic Research Organization found that men who earn a bachelor's degree from UH can expect to increase their lifetime earnings by $1.5 million, or 13.5 percent. Women see a lower rate of return of 10 percent, with an expected increase in lifetime earnings for $640,000.
Men who earn a post-graduate degree, meanwhile, can expect a rate of return of 13.5 percent (or $2.9 million).
For women, the expected rate of return is $1 million (9.7 percent).
"In the short term, going to college is costly," the UHERO report said. "In the long term, the investment in college pays off handsomely through a lifetime of higher earnings."