What Is the Average Cost of Tuition Per Credit at an Online University?
With college costs rising nearly every year, the cost of tuition surely weighs on the minds of all those considering either an online or traditional college education. Read on for more information regarding the average cost of tuition per credit hour for an online university. Schools offering Accounting & Finance degrees can also be found in these popular choices.
Per-Credit Tuition for an Online University
The average cost per credit hour at Columbia College Online, Online University of Illinois-Springfield, Online University of Wisconsin and several other online universities is between $200 and $300. However, many factors can impact the cost of a complete online degree program. Factors influencing the average per-credit cost of online university programs include the ones shown below:
- Type of program
- Residents and non-residents
- Graduate and undergraduate
Tuition Costs for an Online University: Type of Program
An online university's average cost of tuition might depend on the type of program you are enrolled in. For instance, courses in the online business management program at Capitol College cost $381 per credit hour according to the school's website in December 2013. Courses in online computer science, engineering and technology degree programs offered at the same college cost $691 per credit.
Tuition Costs for an Online University: Residents and Non-Residents
Several colleges and universities provide a discounted tuition rate for residents of the state in which the school is located. Hibbing Community College, for example, charged Minnesota residents $199.43 per credit hour for online courses and $238.83 for non-residents as of December 2013, Some schools may charge as much as twice the cost per credit hour for non-residents as for residents. Other institutions, such as the University of Illinois at Springfield, develop a special online-only rate, which results in the same cost per credit hour for residents and non-residents alike.
Tuition Costs for an Online University: Graduate and Undergraduate
The average cost of tuition per credit hour for online graduate courses is typically higher than that of online undergraduate courses. This cost is generally around $100 more per credit hour. Among schools that charge $100 or more per credit hour for online graduate courses are Columbia College Online and Bellevue University, both private non-profit schools.
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