How Much Does a Master’s Degree Cost Online?

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how much does a master's degree cost online
Tuition for an online master's degree varies widely. Some programs cost a few thousand dollars in total, while others cost over $50,000 per year.

Tuition for an online master’s degree varies widely. Some programs cost a few thousand dollars in total, while others cost over $50,000 per year. The school, the field of study, and the length of the program all affect the price.

Cost per credit is one way schools set tuition, and longer programs cost more. Fees for books, software, and exams can add to the bill. When you compare programs, ask for the full price, not just the per-credit rate.

Start with the FAFSA to see what federal aid you can get. It is the standard first step for federal grants and loans. Scholarships from schools and outside groups can also lower the cost. Look at scholarship opportunities and affordable online universities before you apply.

One real example is the UCL Global Masters Scholarship at University College London. UCL offers up to 85 of these scholarships, each worth 15,000 pounds for one year, to international students from lower-income backgrounds. They are awarded on the basis of financial need. Check UCL’s website for the current deadline.

Before you commit, add up tuition, fees, and living costs for each program you are considering. Compare that total with the aid you expect. A careful budget makes the choice much easier. You can also look at affordable online master’s degrees for budget-conscious students to start your search.

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