How Much Do Online Degrees Typically Cost?

Just like brick-and-mortar colleges, there is no set cost as to how much it will cost to complete a degree program through online college. It will depend on a number of factors including the school you choose to attend, the type of degree you're pursuing and the length of time it takes you to complete your program. It's important to do your research before you sign up for a degree program to ensure that you'll be able to get the funding or make the payments for the college you've chosen to attend.

Generally speaking, online colleges tend to be cheaper than their traditional alternatives. This is partially because they do not have to maintain large campuses and the buildings, staff and resources that go along with them. This isn't to say that there resources at an online college, but the costs associated with maintaining an online school simply are lower than those of a traditional school and as such schools can charge lower tuition to students.

In order to get an idea of how much your online education will run you, you'll first need to take a look at whether your school of choice is a private or public institution. Very often, public schools can be cheaper, especially those associated with a public college located in your state and they receive state funding that helps cover a wide range of their costs. Public schools could cost you more but sometimes the name recognition of the school and its reputation for education could get you a bump in after graduation pay that can make it worth it.

Next, the program you're applying to itself can determine a large part of the cost of your education. Some online programs will require clinical work or need additional resources that other programs do not, and as a student you will likely pay fees to access these educational elements. You can also expect to pay a premium for your Master's and Doctoral programs as many of these programs, especially those in the sciences and business, provide highly specialized training.

The best way to determine the cost of your online education is to check out how much your school charges per credit hour and how many credit hours you'll need to graduate. If the number seems high don't let you put that off as there are a number of ways in which you can get financial aid to help you cover the costs of your education.