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For all the money, time, and effort it takes to earn a bachelor's degree, people often wonder: Is the investment worth it?

The answer for the student is a clear "yes" when it comes to the advantage in lifetime earnings, according to a new study released today by the American Institutes for Research, a not-for-profit behavioral and social-science research organization in Washington, and Nexus Research and Policy Center, a non-profit institution based in San Francisco that promotes access to higher education and policies to improve proprietary schools.