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Those with a bachelor's degree earn $22,000 more per year than those who don't

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A bachelor's degree may be more valuable than you think.

A new study from the Arizona Board of Regents outlines the difference in earnings between those with a bachelor's degree and those who do not have one.

The study found people with an undergrad degree make more than $22,000 more per year than those with only a diploma. Those with a graduate degree make an average of $11,000 more than that.

According to ABOR, this gap is widening.

In 2007, workers with a bachelor's degree made 70 percent more than their counterparts with a diploma. Last year, they made 82 percent more.