The rising of education cost makes college education become more and more expensive; especially in today’s bad economic situation where students are hardly getting a loan to finance their study. It may stop some of the students from pursuing a higher education due to unaffordable education cost. Thanks to the availability of online education that makes college education more affordable and becomes a better option for students to earn a degree online.
According to college education & funding survey reports found, the results show that college tuition fees have increased by over 400 percent from the year 1982 to 2007 while households’ income rose below 150%. The situation may become worse following the bad economy that leads to a recession, which may put higher education out of the reach for most students. An alternative education option is needed and online education is the solution, it makes college education more affordable.
Online education has been around for years providing an alternative option for students for earning their degree. Online degrees have been widely accepted in the job market, most online students have no problem to use their online degree to start their career or find a job. During economy up-time, online education is an alternative; students can choose to pursue their degree either online or at a brick-and-mortar university. However, when comes to a recession, the education cost is the key consideration factor for many students, online education becomes a great option for students to pursue a degree at an affordable cost.
Online education saves cost in a variety of ways. Most of the learning materials are in the downloadable format, helping students to reduce the cost needed in purchasing printed books and references. Students don’t need to travel back and forth the campus by attending classes online through an internet connection, saving them time and money on transportation. For students who take the traditional path to earn their degree at the brick-and-mortar university, they may need to relocate to the area near the school if they leave far away. The relocation cost can be saved if they choose the alternative education option and earning their degree online. With online education, distance does not matter, any school that offers online degree programs can be reached at a mouse click.
Generally, the tuition fee for an online degree is cheaper than the same degree cost in campus-based school. Since most of the teaching materials are in an online format and the classes are done through the online learning system which does not require physical classroom setting, most schools are afforded to offer the online degree in the cheaper way without scarifying the teaching quality. Online education provides a more affordable channel for students to pursue a degree from their computer through an internet connection.