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For many decades, researchers across different fields have aimed to explain individual disparities in student achievement. To this end, different theoretical frameworks on the perceived value of education outcomes have been developed in educational psychology and in sociology of education. In this study, we combined central frameworks from both traditions by integrating socialized values of education and expectancy-value theory and tested their joint predictive power for achievement outcomes. In a sample of N = 3,775 German upper secondary school students, we found evidence of incremental predictive power when combining the two frameworks and predicting domain-specific achievement and GPA. Findings highlight the relevance of considering students’ socialized values in addition to values from expectancy-value theory to explain differences in academic achievement.