In an ideal world, economic issues should not limit one’s education, but we do not live in that perfect world, unfortunately. The cost of college education is one of the greatest limiting factors in the US when it comes to advanced learning. Even the ones who can afford it often have to rely on expensive loans and spend a good amount of their future earnings in paying those loans back. However, it is possible to get higher education at a more affordable rate if one chooses to study online. There are other economic advantages to online courses as well and we will take a look at them now.
Transportation Costs Are Absent
Travelling can be an expensive affair in the US and when stating the course fees, no college ever mentions that part! As online courses do not usually require you to go anywhere other than occasional live classes and practicals, you save on regular transport expenses. You can even complete an online psychology degree in Kansas. If you keep track of how much gas money you save during the course of the entire program, you might be surprised.
You Can Hold a Job
A lot of students hold jobs to sustain themselves and save some money during college courses, but if you are going through an online education program, studying, attending college, and showing up at work won’t be as physically and mentally taxing as it is for someone attending a traditional course. If you are completing your MSN online, for example, you will still be able to work as a nurse at your local hospital. The time you save by not having to commute halfway across the city and the generally flexible nature of an online nursing degree will give you the opportunity to hold a day or night job, depending on your own schedule and convenience.
You are Not Paying Extra for Food and Lodging
This would be particularly applicable for you if you are an independent adult who is already living on his/her own or with a partner. You won’t have to pay anything extra to anyone for food and housing like students coming in from other cities and states have to, while attending a college that’s far away from their hometown. You will be staying in your own home and sleeping in your own bed while learning everything from your own computer.
Lower Tuition Costs
Finally, the online tuition costs are often lower than that of the on-campus courses, which in combination with all the other economic benefits mentioned so far can ultimately help you save a lot of money and make a previously unaffordable specialization or advanced learning course practically affordable. Keep in mind though that the lower tuition fees are not indicative of low quality. Online courses can be cheaper because they don’t have as much overhead to worry about as a physical institution.
There are undeniably some aspects of a brick-and-mortar college which cannot be replicated by an online program in some situations. Nevertheless, there are certain benefits of studying online (you just read a bunch of them above) as well. Ultimately, it all comes down to your own particular priorities and financial situation.