Embarking on any degree program is a major commitment in terms of time, energy, resources, and even money. Degree programs have typically been an expensive undertaking, but many programs exist that can help defray (or at least postpone) these expenses. Costs for undergraduate and graduate degree programs have grown at an alarming rate in the past decade, further limiting the choices available for many students. Because of the amount of money involved, it is no wonder that the choice of a reputable, affordable degree program is of greater importance now than ever before.

Many people assume that online degree programs are more expensive than those offered at traditional schools. Performing a strict comparison on the cost per credit hour for each program can be a good basis for financial evaluation, but this should not be the only comparison made. In many cases, you might actually find that these costs are comparable with local campuses. I compared credit hour costs among eight different schools and the online campus that I had selected, and found that the costs were relatively similar.

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