Thinking about going back to school for your MBA? There are a number of options out there, but getting your degree online can offer significant cost savings overall. Chances are you are already paying for Internet access at home, so there is no need to factor that cost into your online education budget. Here are other ways that an online education can save you money.
Expanded Outside Your Local Area
When you go to a physical university, you are limited only to what’s available in your local area. This means you’re stuck paying whatever tuition options there are in your locality. When you opt for an online program, you can shop around a bit. This allows you more flexibility not only in terms of the program offerings and specializations, but in terms of tuition as well. Many online programs offer additional school-specific financial aid to further your savings.
With the high cost of fuel these days, driving less puts more money in your pocket. No commute also saves you time because you can get right to work on your assignments, rather than having to worry about getting stuck in traffic on the way to or from class. You will have the same amount of credit hours and the same workload as a conventional student, but the lack of commute time makes time management even easier.
No Lost Wages
With an online MBA degree, you can go to class when it is convenient for you. You can do it before work, after work, and on your days off. With a physical campus in your local area, you are restricted to certain times for certain classes, which means having to adjust your work schedule to accommodate. As such, you risk losing wages because you have to be in class instead of on the clock. Online education makes it easy for you to maintain a part-time or full-time job while earning your degree.
Save Money on School Supplies
You will still need some things to help keep yourself organized, but since your work will be handled digitally, you will save a considerable amount of money on paper and printer ink. You won’t need pen and paper to take notes. You will be able to look at notes digitally, and many textbooks are available in an ebook format.
Save by Not Snacking and Dining Out Between Classes
When you are on campus, it can be tempting to grab a coffee or a snack between classes. If you’ve got a significant amount of time to kill between classes, but not enough to justify going home, it can be easy to go out for lunch or dinner. When you’re working online at home, you can eat and snack from your own kitchen, which is much more affordable.
Overall, online degrees save time and money. They are comparable to their physical university counterparts, so you’re just as qualified for a position as someone who attended a traditional brick-and-mortar school, and most employers see the two kinds of degrees as equal.
*Article brought to you by Annie D