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Unsure what effect a college degree will have on your life? Although only 60% of high school seniors move onto college the following year, the ones who do finish a degree see great rewards. The average fulltime worker with only a high school diploma earns approximately $30,400. Compare that with the average bachelor degree recipient, who earns approximately $52,000. That is a significant pay raise, especially if you consider that an online bachelor program can be finished in as soon as two or three years.