Abstract: In order to calculate China-s higher education finance output reasonably and assess its impact on the growth of China-s economy, this paper extracted the total output (Y₁) and revenue output (Y₂) from the index system of higher education financial output, by using the principal component analysis method, and obtained a comprehensive evaluation model of China-s higher education financial output; On the basis of the above research, we studied the relationship between economic growth and aggregate output, total output and revenue output; finding that there are significant positive correlations between them, thus came to a conclusion that China-s higher education financial output has a very important promoting role in the development of Chinese economy.