Rising tuition in the United States is causing parents to become increasingly concerned with where their children should attend college. A liberal arts education is considered by many to be one of the best undergraduate educations money can buy. However, much scrutiny has arisen concerning whether more selective liberal arts college graduates receive higher future annual salaries when compared to less selective undergraduate college and university graduates. I hypothesize that liberal arts graduates will receive greater future annual salaries than non-liberal arts private and public college and university graduates. To test my hypothesis, I use data from the 2003 Baccalaureate and Beyond Longitudinal Study, which is a third follow-up of a national sample of students who completed their bachelor degrees at the end of the 1992-1993 academic year.