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For persons age 25 and over, the 2015 median earnings of full-time wage and salary workers with a bachelor's degree is $23,868 more than the median earnings of full-time wage and salary workers with only a high school diploma. Source: http://www.bls.gov/emp/ep_chart_001.htm
The Federal Pell Grant is currently an annual award up to $5,920 and is usually given to undergraduate students who have not earned a bachelor's or a professional degree. In some cases however, a student enrolled in a post baccalaureate teacher certification program might receive a Federal Pell Grant. A Federal Pell Grant, unlike a loan, does not have to be repaid. Source: https://studentaid.ed.gov/sa/types/grants-scholarships/pell