Higher education, from an economic perspective, functions as an investment in human capital. It requires time, effort, and money by the student as an investment with the resulting benefits of acquiring skills, knowledge, and values that promise a stream of future tangible and intangible benefits by earning a living in a chosen field or profession. Education viewed through this lens assists educators to articulate the case for their academic programs to stakeholders, including prospective students and their parents, university administrators, government regulators, benefactors, alumni, and the general public. This perspective has previously not been discussed in the social work education literature and provides new insights into several issues affecting social work education. These include the cost of higher education, the multidimensional benefits of education for the student and society at large, the role of the Council on Social Work Education, and the current challenges to the profession.