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You Can Save Money By Being an Online Student

  • Traditional private institutions average $128,726 for undergraduate tuition, room, and board, according to the National Center for Education Statistics. This takes into account the annual prices for the 2009-10 academic year and multiples them by four.
  • Traditional public institutions average $51,216 for undergraduate tuition, room, and board, according to the National Center for Education Statistics. This takes into account the annual prices for the 2009-10 academic year and multiples them by four.
  • Online degrees can cost more or less than a traditional degree, depending on which institution you choose. Common online bachelor’s degree programs can cost anywhere from around $23,000 to around $68,000, depending on the school, according to a tuition comparison sheet of popular online universities provided by Western Governors University. Non-profit and public institutions tend to offer lower costs for online programs overall.
  • You will not need to factor in room and board costs or commuting costs in a fully online program, which can lead to cost savings. Room and board ranges from $7,500 to $9,000 a year, depending on whether you attend a public or private college, according to Scholarships.com.
  • Government financial aid programs can be used to finance an online education, provided the online institution is accredited. Accreditation is one of many considerations that help determine if an institution is eligible for federal assistance, according to the U.S. Department of Education.