Comparing the costs of online and campus degrees
Figuring out how much it will cost you to go to college can be seriously confusing. Sure, the price per credit hour might be $300 – but how much will it actually cost you to get a degree? We’ve put together some estimates to help you figure out what degree and what kind of school might be right for you.
Don’t let the numbers scare you. The key is to remember that every person is different. You may qualify for scholarships and grants that will drive these prices way down – especially if you’ve been in the military. Also keep in mind that people with a bachelor’s degree make almost a million dollars more in their lifetimes than people who have only a high school diploma. The investment is well worth it.
Remember – these are just estimates. To find out how much a specific program costs, visit your local college or request information about online degree programs.
Public two-year community colleges
Public two-year community colleges cost about $2,400 in tuition per year, on average. Keep in mind that two-year community colleges don’t offer advanced degrees – you’ll only be able to get an associate’s degree at these schools. You’ll have to transfer to another school to get your bachelor’s.
Cost for an associate’s degree: $4,800
Online and campus degree schools
The cost of an online or campus degree program truly depends on where you go. These type of schools usually charge between $100-$500 per credit hour, so attending will cost you anywhere from $3,000 to $15,000 per year (two semesters). While the lower-priced schools might be tempting, remember that sometimes you get what you pay for. You’ll want to research your school thoroughly before enrolling and make sure it’s accredited. Advantages of online schools include flexibility with class schedules and the ability to learn from home, making them ideal for working students.
Cost for an associate’s degree: $6,000 – $30,000
Cost for a bachelor’s degree: $12,000 – $60,000
Four-year public and private schools
Attending a public university or college will cost you between $6,200 and $17,000 a year, on average (for two semesters). A private college will cost you even more, about $24,000 a year. These numbers excludes room and board, which can drive up the cost of college by between $7,400 and $8,600 a year. That makes attending a public or private school pretty pricy – it’ll cost you between $13,600 and $32,600 a year to attend.
Cost for a bachelor’s degree: $54,400 – $130,400
Learn more about campus degree programs.