Online Bachelors Degree Prices
Before embarking on any educational journey, one of the most important things to understand is how much money you’re going to have to spend. Whether we like to admit it or not, the final financial cost ultimately plays a huge role in the decisions we make with our schooling.
What Is The Price Of An Online Bachelors Degree?
For most individuals, it’s all too well known how expensive degrees are and as a result how out of reach they seem. But how much would an online bachelors degree cost, and is it any cheaper than alternative options?
First, it’s important to understand that in almost every incidence, an online bachelors degree will be more affordable than its traditional counterpart. There are many different reasons for this, and all told it’s one of the major factors which has made online learning so popular and highly sought after to begin with.
When you think about the costs for schooling and how an online program is set up, you can see where all of the cost savings come from. A university doesn’t need to buy or rent out physical space to host entire classrooms. They don’t need to pay all of those logistical fees that then end up being compounded into your tuition. Lower expenses for them mean lower prices for you.
Of course, don’t forget that you aren’t paying for room and board either, as you’re living where you already live anyway. It’s easier to fit into your own lifestyle, and the costs will be much more accommodating.
Just like with any other type of degree, the cost of an online bachelors degree will vary from institution to institution. It’s impossible to try to sum up all prices, but the easiest way to think about it is in terms of cost per credit. Many traditional universities have costs per credit of $1,000 or more for bachelors program. At 120 credits for a degree or more, you’re looking at no less than $120,000, which is outlandish!
Online programs will be much more affordable than this. Some online bachelors programs may have costs per credit in the $200-$300 range. Ones that are considered more expensive could veer towards $500-$600 per credit. Still, that saves you a minimum of $50,000 for completing the same exact education program that you would elsewhere, and that’s a figure you couldn’t ignore if you tried.
The bottom line is that an online bachelors degree is going to be much more affordable and accessible for most individuals. Prices will always vary from one institution to another, but the cost per credit can be less than half the price of a brick and mortar school, which means you save big. There’s no reason you should, or you need, to pay double the price for a degree that you can get online, which also happens to be more convenient to begin with. It’s just one of the many powerful reasons that helps to explain the growth of online degrees.