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For persons age 25 and over, the 2018 median earnings of full-time wage and salary workers with a bachelor's degree is $24,336 more than the median earnings of full-time wage and salary workers with only a high school diploma. Source: http://www.bls.gov/emp/ep_chart_001.htm

According to the 2015-16 National Postsecondary Student Aid Study (NPSAS:16) which was published January 2018:
Fifty-five percent of all undergraduates received federal student aid, 22 percent received state aid, and 25 percent received aid funded by the postsecondary

institution they attended  
Source: https://nces.ed.gov/pubs2018/2018466.pdf

For the 2019-20 award year (July 1, 2019, to June 30, 2020), the Federal Pell Grant is an annual award up to $6,195 and is usually given to undergraduate students who have not earned a bachelor's or a professional degree. In some cases however, a student enrolled in a postbaccalaureate teacher certification program might receive a Federal Pell Grant. A Federal Pell Grant, unlike a loan, does not have to be repaid.
Source: https://studentaid.ed.gov/sa/types/grants-scholarships/pell

Occasionally you might have to pay back part or all of a grant if, for example, you withdraw from school before finishing an enrollment period such as a semester.
Source: https://studentaid.ed.gov/sa/types/grants-scholarships