What Does An Online Degree Cost?

Finding out the real cost of an online degree is something that is on the mind of many individuals from all backgrounds. Getting a degree online is quick, easy and convenient, but is the actual online degree cost more affordable than it would be from a traditional university? Find out more about the pricing of an online program here so you can decide if it might be a good choice for you.

The best way to determine the online degree cost for a particular program is to first find out the cost per credit that the institution offers. This can change greatly from one place to another, but it forms the foundation of your tuition and it is the most important thing to see when comparing the costs of one school to another.

The cost of an online degree for a bachelors level program will be highly affordable when compared to traditional programs. Here, you’ll see that costs per credit range from $300-$600 in most cases. Some upper-end institutions which also have traditional brick and mortar schools may have prices that extend a bit higher than that, and at the same time, some cheaper online degree programs could be a bit lower as well.

That represents a full cost of about $36,000-$72,000 for a full bachelors degree starting from scratch. Compare that directly to traditional programs, which often charge a minimum of $1,000 per credit!

That means you’re looking at $120,000, and that dwarves the online degree cost in comparison. You don’t need to examine those numbers for a very long time to see how divergent they are. You will end up paying anywhere from about a quarter to a little bit more than half the price that you would find from other outlets.

It’s also important to understand that the online degree cost for postgraduate degrees including both masters and doctorate levels will be higher than the cost for an bachelors degree. The higher up you go on that ladder, the more expensive the costs per credit are going to be. Whether you want to chalk that up to prestige, more expensive instruction due to more decorated professors, the depth of knowledge you obtain or anything else is up to you.

So the cost of an online degree for postgraduate levels raises more along the lines of $500-$750 pre credit. This is still much cheaper than what you’ll find elsewhere, and is even less than a standard bachelors program from a traditional university. At one of these institutions, the costs per credit can potentially soar to $1,500 or more.

Hopefully by now you know a little bit more about the cost of an online degree. The online degree cost which you can expect to pay will vary from school to school, and will increase the farther you move up educationally. However, regardless of school or degree, you’ll always be enjoying much more affordable prices than you would find from traditional programs.