What is the difference between technologist and engineer?

I am currently going to school to be a Mechanical Engineering Technologist. I am finished the program this year and i was wondering if it is worth it to continue my education and get the degree? Some questions that would be helpful if answered are; "Is there a pay difference?", "Will I climb the corporate ladder faster if I have a degree?" and "Do you regret having/not having your degree?" (For engineers and technologists). Sorry for any bad grammar. Any legitimate answers would be much appreciated and Thank You.