For many, a two-year associate degree can be the ticket to higher earning power at an affordable price. Though some types of associate degrees can be a stepping stone to a bachelor’s, others are geared toward middle-skilled careers that require specialized knowledge, such as criminal justice, cybersecurity, hospitality management, and more.
Across all fields of study, someone with a two-year degree can earn a median annual salary of $49,500 as of May 2024, around 18% more than that of a high school graduate. By comparison, bachelor’s degree holders can earn a median salary of $66,600 but have to invest much more time—and money—into their degree.
According to March 2025 data from the Education Data Initiative, the total cost for a degree from a two-year in-district public college averages about $35,000, compared to nearly $109,000 for a bachelor’s degree. And lower costs mean fewer student loans. Just 2 in 5 associate degree recipients took on student loan debt in the 2019-2020 school year (the most recent year with available data), compared to 64% of bachelor’s degree students. The two-year degree holders who did use loans borrowed less money, incurring lower interest payments…