bˈækstɚ ɡɹˈædjuːˌeɪɾᵻd fɹʌm fˈaʊlɚ hˈaɪ skˈuːl ænd wɛnt ˌɔn tʊ ɐtˈɛnd kˌælɪfˈoːɹniə stˈeɪt jˌuːnɪvˈɜːsᵻɾi, fɹˈɛsnoʊ, wˌɛɹ hiː ˈɜːnd hɪz ˌʌndɚɡɹˈædʒuːət dᵻɡɹˈiː ɪn ˌiːkənˈɑːmɪks.
Baxter graduated from Fowler High School and went on to attend California State University, Fresno, where he earned his undergraduate degree in economics.