5 Ways Online Education Saves You Money and Time

Jan 21, 2013
  |  by Jennifer Cook

The benefits of an online education seem immeasurable to students already engaged in online learning but to traditional students looking to change their schedules and classes to an online format, the ways in which online education is beneficial may seem invisible. Whether students are seeking information about an online business degree or looking into the opportunity of participating in an online course, each student needs to know the ways an online education benefits students, especially though the saving of money and time. 

1.  Flexibility

In conventional school setting, student’s schedules are dictated by the timeline of the school courses and when they are offered. This means that most students are able to take one or two classes per semester due to scheduling conflicts. This traditional way of scheduling classes does not allow flexibility of balancing of responsibilities or leave room for emergencies when classes may need to be made up.

Through online courses, students are offered the flexibility to balance school with work, family and social responsibilities in a setting designed with the student in mind. Through online classes, students set their own schedules, are able to take full course loads per semester and have the peace of mind that should something come up, they can adjust their schedules and easily make up the missed class.

2.  No Travel or Accommodation Expenses

In 2010, it was estimated that a bachelor’s student spent roughly $45,000 throughout the course of earning their degree on dorm costs so they may remain close to campus. That amount is cut significantly through the use on online courses. No longer do students need to be close to campus, they only need to be close to a computer. This allows students to look into inexpensive housing or stay at home while earning a college degree.

Online courses also save time and money through little to no traveling expenses. The cost of a parking pass and commuting costs (including gas and mileage,) are completely diminished through online education and students can study from the comfortable location of their choice.

3.  Inexpensive Learning Materials

The cost of learning materials, especially textbooks, can cost the average college student upwards of $1,000 per semester. Through online courses, the use of pencils, notepads and even textbooks become non-existent. Everything is online and is easy to access with the click of a mouse. Professors share lecture notes online, and students are able to turn in paperless assignments, saving on paper and ink expenses while saving time on physically turning in assignments or taking hand written notes.

4.  Accelerated Degree Programs

Online classes are designed to accelerate the degree earning process. As we discussed above, flexibility in scheduling allow students to take fuller semesters and earn a degree quicker than a traditional program. Students looking to earn an online MBA are able to earn the degree up to a year sooner than a student would through conventional education, therefore saving time and money.

5.  Less Expensive Compared to a Traditional Education

In 2010, studies found that student who educated themselves through online college courses were able to save roughly $14,000 on college tuition costs. This is possible through online education’s accelerated programs and because educational institutions are able to purchase an online program and adjust it yearly for each course and continue to pay a professor to educate students. Through conventional methods, a college needs to pay the overhead costs of a classroom, including updates in utilities as well as a professor and updated computer programs.  

For those looking into earning an education online, it is obvious how earning a degree online can save a student time and money, resulting in an equally educating but less expensively earned college degree.

 

Sources: http://www.successdegrees.com/waystosavemoneyonyouronlinedegreeprogram.html


Author bio: Jennifer Cook writes on student life, going back to school and online learning technology for Strayer.edu. When she isn't writing, you can track her down in the library, trying to check out more books than her card allows.

 

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