Examining the financial differences between an associate and bachelor’s degree

While some people are interested in earning a bachelor's degree, others might want to skip the full four years of college and obtain an associate degree. However, there are stark differences between earning an associate and a bachelor's degree.

The U.S. Bureau of Labor Statistics reported that in 2010, individuals with an associate degree took home an average of $767 per week. Those who held a bachelor's degree made an average of $1,038, which is a significant difference.

Although it can take less time to earn an associate degree, making the commitment to complete a full four years of college can increase the chances of an individual earning a high-salary job immediately following graduation.

If you want to go to school for four years and obtain a bachelor's degree but lack the funding, there are a few options available to you. College grants and scholarships can help you reduce the cost of tuition and they don't have to be paid back once you graduate. You may also qualify for financial aid through the government if you meet its requirements for assistance.

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