You do realize though that pay is based off rank, if there's a 2ndLt and another 2ndLt and one went to college before the army, and one went to college in the army, their pay-grade is still the same because their rank is the same.
Army.com - Military Pay Rates I do believe though, that the pay is much different for reserves, somewhere on the site there should be a pay-chart for reserves.
Also, you do NOT get AUTOMATIC officer rank and benefits, you have to go through OCS, you don't just go to basic and become an officer right off the spot, and yes, OCS (from what I heard) is NOT only a mental thing, but a physical thing. You don't pass OCS, it won't matter what degree's you have.[/COLOR][/SIZE]