How Online Education is Saving Students Money

Posted September 2, 2020 by in Lifestyle
woman using laptop

The cost of attending college and university is undoubtedly rising, but tuition itself isn’t the issue. There are many other costs involved with attending school in person, and the solution to those costs is online education.

Obtaining your degree or other qualification online allows you to access the same level of learning for a fraction of the cost.

This article will explain how you can save tens of thousands of dollars by pursuing your education online:

student working on laptop

Housing

One of the main expenses you have to worry about when attending school in person is your housing costs. These costs will vary depending on if you are in your home state, from out-of-state, and if you’re attending a private or public university.

Regardless, you can expect these costs to range between $10k and $12k annually. That cost adds up over all the years that you’re in school.

Choosing online education instead will allow you to take advantage of your current living situation, whether that’s with family, friends, or inexpensive accommodation on your own.

Textbooks and Other Supplies

Opting for UVA online degrees means that many of your learning materials will be online, instead of needing to purchase expensive textbooks. The average student attending a public or private university will spend around $1.2k per year on course materials, where online students will only spend about $200.

Over a four-year degree, that’s a lot of savings. On top of that, you won’t need as many supplies, like notebooks, pens, calculators, etc. since you can take all your notes on your computer and use digital apps instead of manually jotting things down.

Transportation 

Another big area where you can save money is on transportation. Commuting costs can be expensive, depending on where you go to school and where you live. If you drive your own car to and from school, you have to consider the cost of gas, parking, tolls, and the general wear and tear on your vehicle. 

If you don’t have your own car, you still have to cover public transportation costs to get you to and from school if your residence is off campus. Additionally, if you are returning to and from your family home on holidays or weekends, there is a substantial cost involved.

Pursuing online education means there is no commute involved and you can do your studies from the comfort of your home. 

Total Savings 

One last thing to add is that you may pay slightly less in the tuition cost, especially in comparison to a private university or out-of-state university. That said, you’re still receiving the same qualification, so the cost of tuition is justified. When considering all these categories, you can expect to save, on the low end, around $10k per year by pursuing your education online.

That is a low figure, and you could save much more, especially if your degree is multiple years in length. When it comes to your education, money isn’t everything, but since you can receive the same quality of education virtually, it doesn’t hurt to save money in the process.