A Guide To Online Degrees - Considering Online Degree Pricing

A Guide To Online Degrees – Considering Online Degree Pricing

The same online degree program offered by different online universities may vary in pricing; the difference may due to a few factors, among these are the types of curriculum and total credit hours to complete the program. If you are considering earning your degree online, it makes sense for you to compare the pricing of degrees at the schools and select the best online degree program that meets your education goals and targeted budget. This article will outline a few factors to consider when you compare the price of the same online degree program offered by different schools. Let review them one by one:

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Tuition Fee

The tuition fee is the amount the school charges to take a course. For some programs, tuition is the only cost. Other programs add technology and other miscellaneous costs. When getting the price of an online degree program. You need to check with the admission department on their tuition fees, find out if the fees are purely the cost of the courses or if it includes other costs and any other hidden cost that may incur other than the said costs. After knowing all the details of the courses’ prices, you can compare the price of the online degree program offered by different online universities.

Campus Residencies

The same online degree program from different online universities may have different course requirements. Some online degree programs are offered 100% online, whereas, others require campus residencies. Factor in the cost of attending these physical residencies to the total cost of your selected online degree program before making your pricing comparison.

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Financial Aid Package

An online university may charge slightly higher fees on their tuition but it typically comes with an attractive financial aid package. Some online universities may help you find student loans, generally the Stafford loans, Sally Mae, or other related loans; or help you to apply for Pell grants and/or other scholarships. You should factor in these points when you considering your online degree pricing.

Marketable Degree

If the purpose of earning an online degree is for a career switch or to get a job promotion, then you must consider the marketability of your degree. For example, if you plan to earn an online MBA and you are considering a few options from universities. Some online MBA programs may cost more than others but the job market statistics data show that the degree-to-career ratio is higher than other universities. This means that employers like to hire graduates from this university and you will have a better chance to get employed if you are holding a degree from this university. You may need to consider the ROI (Return On Investment) of your online degree program when deciding which online degree program to enroll in.

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Photographer: Frank Busch | Source: Unsplash

In Summary

The online degree program with the lowest sticker price may not be the best buy and the most expensive online degree program may not be your best choice. Besides considering the price, you need to carefully review the curriculums covered by the degree program with the factors mentioned above in order to determine the true cost of earning an online degree.

Note: This content was curated from a third party.

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