13 Jun How Much Does an Online Degree Cost?
Attaining your college degree online has become a popular option for many people. A large number of people have not had a chance to attend a traditional college or university but seek the increased earning potential and career advancement that a Bachelor Degree affords. Still others might have a degree in one discipline but would like to pursue something they now have an interest in. But just how much does getting an online degree cost? In this article I will answer some of your questions.
Most professional fields consider the Bachelor Degree as the entry level standard. While Associate Degrees are a great way to start, completing your Bachelors opens up many doors to various careers. There are numerous online Bachelor Degree Programs available including from such institutions as The University of Phoenix, Intercontinental University Online and Kaplan among others. In addition many brick and mortar institutions offer Online versions of their degrees but usually for a substantially higher fee than the companies that specialize in online degree programs.
Fees for these online degree specialists tend to be a great value, for example a full Bachelor’s Degree in Communication from The University of Phoenix Online which consists of 60 credits at $515/credit or $30,900. Another example is American Intercontinental University Online which offers a Bachelors of Business Administration with a total course requirement of 180 units and a cost of $30,560. Finally, another widely respected program, the Kaplan University offers a $336/credit fee for their BS in Communications which would run approximately $63,000 for the 180 credits they require.
These prices compare favorably with a typical bricks and mortar education but allow the flexibility that only an online degree can offer. There are Online Bachelor Degrees that run from as little as $3000 to as much as $100,000 and more. It really all depends on what caliber of program you are willing to pay for and how much a famous ‘name’ is to have on your resume.
Masters and Beyond
Once you attain a Bachelors Degree you might consider a Masters in a subject in which you want to specialize. Masters Degrees are a cost effective way to boost your career and earnings power above what you could obtain with only a college degree. Although typical per credit costs tend to run higher in Online Masters Programs, the degree requirements are for fewer credits so the total cost may be less. As an example The University of Phoenix charges $625/credit hour for their Masters Programs compared to $110 less for the Bachelor’s level.
As another example Devry’s Keller School of Management offers a ‘per course’ charge of $2100 with a total of 10 required courses plus 18 credits of electives. Total cost of an MBA through the Keller School would come in around $30,000. Quite a bargain compared to brick and mortar in-class schools which could run three times that amount. For those seeking to take their education to the limit there are even Doctorate level degrees available for prices comparable to Masters Programs.