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“How much is a bachelor’s degree worth? More than $25,000 a year, according to a March 2007 report from the U.S. Census Bureau. Adults aged 18 and older with a bachelor’s degree earned an average of $54,689 in 2005, while high school graduates earned $29,448. A two-year associate’s degree brings an average annual premium of $8,500 over a high school diploma.”
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The report titled "The Big Payoff: Educational Attainment and Synthetic Estimates of Work-Life Earnings" (.pdf) reveals that over an adult's working life, high school graduates can expect, on average, to earn $1.2 million; those with a bachelor's degree, $2.1 million; and people with a master's degree, $2.5 million.
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