Online learning has gained immense popularity amongst students, educators and employers in the past few years. With further technological progress and the spread of internet, more and more aspiring learning are now pursuing online higher education programmes to earn accredited qualifications and advance their careers. One of the biggest advantages of studying an online programme is that they are more affordable than college degree programmes and hence you can avoid taking out heavy students loans for getting a degree. But is online education actually affordable? Or does it cost you more than you think? Let’s find out….
Finding The Cost Of Studying Online
As a student you would want to consider the total cost of an online programme when to start to decode and analyse its actual cost. Hence you need to count the total amount of money you will have to pay if you pursued all the necessary courses at the institute. However, the amount is not easy to determine as several online programmes choose to publicise the per-credit cost only, according to the Online College Students 2014 study, conducted by Aslanian Market Research and The Learning House. This approach might appear meaningful as most online learners begin with some credits that have been already implemented to their degree or diploma.
Online Education Is Not Cheap
If you are able to discover the sum total cost of online bachelor’s degree programme, then you just might get amazed by the results. Although. Most learners and professionals tend to believe that online learning is an affordable and economical option; it is not the case all the time.
For instance, in 2014-2015 the total cost of programme is over $91,000 at the 10 public schools which had the most expensive bachelor’s degree programmes for out-of-state learners. Although the amount is much less than pursuing a 4 year programme at the priciest brick-and-mortar colleges and universities in the country, but you can find cheaper alternatives in community colleges. Apart from Ohio State, the other priciest public online bachelor’s programmes for out-of-state students include Central Washington University ($677 per credit and total programme cost $121,860); West Virginia University ($927per credit and total programme cost $111,240); University of Georgia ($893 per credit and total programme cost $107,160); and New Mexico State University ($796 per credit and total programme cost $101,888).
According to recent data in an annual U.S. News survey, which ranked 126 public online bachelor’s degree programmes, Ohio State University has the costliest public bachelor’s programme for students for outside the state. Out-of-state students studying online at Ohio State pay $1,070 each credit and almost $128,400 for the complete bachelor’s programme, when they pursue all courses at the institute. However, if you have previous credits then you will not be required to pay the full amount.
Availability Of Affordable Options
According to the survey, the average total cost is around $52,830 for the 126 ranked programmes. Valley City State University in North Dakota offers the most affordable online bachelor’s degrees for out-of-state learners. The cost per credit is $168 and the total programme cost is around $20,160. The report did not consider many schools and they were not ranked as those institutes failed to meet specific criteria needed by U.S. News
What do you think about online education? Want to add to this discussion? Then feel free to share your experiences, thoughts and views with us by commenting below.