The development of an educational outcome expectations scale was prompted by a need for a measure tailored to college students' expected level of educational attainment. Studies were conducted in an undergraduate psychology course at a midwestern university. Participants (383 women, 276 males) attending a group counseling session completed a demographic questionnaire, the Educational Outcome Expectancy (EOE) Measure, and the Career Outcome Expectancy (COE) Measure. In study 1, in which the Educational Outcome Expectancy Scale and Career Outcome Expectancy Scale were administered to students (N=659), results demonstrated moderately high factor loadings for all items on the EOE Measure and for all items on the COE Measure. In study 2, which employed a similar protocol using a sample of undergraduates (N=938), the EOE Measure obtained robust factor loadings. The COE Measure obtained moderately high factor loadings across items without losing items that provide a well-rounded picture of the importance of education and work values. For study 3, a 1-month lapse was used to obtain reliability figures in a test-retest design. Results show that students' educational and career outcome expectancies are generally somewhat in flux, which can be expected for a college freshman sample. Results are promising as a way to test educational and career outcome expectancies. (Contains 3 tables and 28 references.) (JDM)