The Cost Effectiveness of Online Degree Programs

There are a number of huge benefits of online degree programs and probably the most significant benefit would be the cost effectiveness. In other words, online degree programs cost significantly cheaper than traditional degree programs for a number of reasons several of which will be examined herein.

The Fallacy about Impediments

If there ever was a major impediment to acquiring a college degree program it would be financial cost. Far too often, people assume that poor grades in high school will eradicate one's chances for being accepted into a college. This is only partially true. While lower grades may limit certain opportunities, it will not eradicate all opportunities. In other words, even a below average students can find a program that will accept them somewhere. Also, if the prospective student is older (say in his or her 30's) life experience and professional experience will circumvent low grades that were achieved many years prior. The unfortunate part of placing all one's thoughts on the importance of grades there becomes a lack of focus on the TRUE major impediment to attending school: cost. When it comes to online degree programs, there is great potential to save a significant amount of money from a variety of sources.

Ancillary Cost Saving Benefits of Online Degree Programs

When it comes to the subject of costs associated with college, most people automatically assume that costs equate to tuition. Although it is certainly true that tuition is a huge source of costs, this is not an entirely accurate assessment. There are also other costs that are associated with attending college. For example, commuting is hardly free. When one drives to college, there is the significant cost of gasoline. If one is commuting through public transportation, there will, of course, be costs associated with fares. Over the course of a year, the costs of transportation may run upwards of several thousands of dollars a year. ($40 in weekly commuting expenses equates to $2,000 over the course of a year) If one is enrolled in any manner of online degree programs, then the ability to eliminate transportation costs is achieved. This money can then be used to pay for the tuition for the school as opposed to ancillary costs and overhead. This makes college far more affordable to all and when college becomes more affordable it becomes more accessible. In other words, the impediments to attending college are removed because more of the money is working towards tuition as opposed to expenses related to attending.