The Cost of an Online College Degree
For many students, the cost is a big issue when choosing an online college course.
With the rapid advancement in technology and ease of access to learning materials, it has become reasonable for online schools to offer cheaper alternatives to tertiary education.
Online courses are quite affordable as compared to traditional education.
Tuition fees can fluctuate from school to school, and costs may depend on different factors.
Among the factors that affect school tuition fees include but are not only limited to economic conditions, financial and educational aid levels as well as the services and facilities offered.
That’s why it’s advisable to go through to find the best college for your educational and financial needs.
We have broken down the cost into different criteria. Keep reading to understand the average price of an online college degree.
Different cost of online college degree
Whether a student has chosen to attend a traditional campus or they would still have to fork out money for education. Some fees are compulsory, and others are not required. A prospective student should carefully scrutinize the complete tuition fee list before making a decision.
Much better, they can seek advice from an online college counseling service before putting down any money for tuition or deciding on a financing plan. However, it is a fact that tuition fees are generally cheaper at an online college due to low operating.
Almost all online courses have a technology fee included on a course-by-course basis or per-term. This fee captures expenses such as 24/7 tech support as well as online learning management processes.
Given that learning is conducted online, this needs technology updates and maintenance to meet the best standards in online education. Hence, this is included in the technology fee.
There are additional supplemental fees charged by online colleges. These include:
- Course level placement assessment fee
- Lab Fee
- Fees for criminal background checks
- Clinical courses fee
- Exam proctoring fee
Another expense – not typically a fee — which a student contemplating an online college degree would consider is access to quality internet connectivity. This is still cheaper, considering that the student will not have to pay for fees such as parking, fuel, or eating on campus.
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One way to know why online college degrees are financially more comfortable is by comparing online degrees to traditional college degrees. Some of the fees charged by the latter include:
- Technology Fee
- Campus Security
- Legal services
- Student body
And all these fees are excluded from the tuition fee if you opt to study online. Another consideration is accommodation. Although most in-person universities offer room and board, students living off-campus pay for lodging and meals. These are included in the study expenses.
So, what’s the cost of an online degree? The average cost of traditional degree programs is around $85,000, compared to $30,000 for an online option making the latter far more affordable.