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This study examined the relationship between students’ beliefs about the value and cost of postsecondary education, their engagement in academic and co-curricular activities, and their employment. A sample of 176 undergraduate and graduate students completed a survey, indicating their perceptions of the intrinsic value, utility value, and cost of engaging in postsecondary education. In addition, students reported the average amount of time they spent each week on activities such as studying, participating in campus organizations, and working for pay. Results of ordinal regression analyses indicated that higher intrinsic value was related to more time spent studying outside of class, while higher utility value was related to more time spent participating in campus organizations and less time spent working for pay.