Cheapest Online Business Degree 2023. In today’s dynamic job market, a business degree can be your golden ticket to career advancement, higher earning potential, and greater job security. However, obtaining an affordable online business degree is the smart choice for many individuals. In this comprehensive guide, we’ll explore the various aspects of acquiring the cheapest online business degree, from the advantages of online education to the cost-saving strategies that can make this dream a reality.
The Rise of Online Education
Over the past decade, online education has experienced exponential growth. As technology advances and traditional education costs continue to rise, more and more students are turning to online degree programs. The reasons are clear:
1. Flexibility
Online programs offer students the flexibility to tailor their education to their busy schedules. Whether you’re a working professional or a parent, you can access lectures, assignments, and resources at your convenience.
2. Accessibility
Online programs eliminate the need to relocate or commute to a campus. Geographical barriers are no longer an issue. You can enroll in a program from a prestigious university, regardless of where you live.
3. Cost-Efficiency
Online programs are often more affordable than their traditional counterparts. Without the costs of physical infrastructure, online institutions can offer lower tuition rates. Additionally, students save money on commuting, housing, and textbooks.
Finding the Cheapest Online Business Degree
The quest for an affordable online business degree begins with thorough research. Here are the key steps to identify the most cost-effective options:
1. Compare Tuition Costs
Start by creating a list of online universities that offer business degree programs. Visit their websites and compare their tuition fees. Don’t forget to inquire about financial aid options, scholarships, and grants.
2. Accreditation Matters
Ensure that the institution you choose is accredited. Accreditation guarantees that your degree will be recognized by employers and other academic institutions. It’s a mark of quality and credibility.
3. Financial Aid
Apply for financial aid, including federal grants and private scholarships. Many online institutions offer scholarships specifically for online students. Fill out the Free Application for Federal Student Aid (FAFSA) to determine your eligibility for federal assistance.
4. Prior Learning Assessment
Some universities offer credit for prior learning or work experience. This can significantly reduce the number of courses you need to complete, saving you both time and money.
5. Employer Tuition Reimbursement
If you’re already employed, check with your employer to see if they offer tuition reimbursement. Many companies support their employees in furthering their education.
Most Affordable Online Bachelor’s in Business
Excelsior University
Albany, NY- 4 years
- Online
Albany, NYExcelsior University, a private nonprofit college based in Albany, New York, offers 61 in-person and online bachelor’s degree options. For students seeking to advance in the business field through flexible study, the college’s online offerings may be a wise choice. With two fully online bachelor’s programs in business, graduates can apply their knowledge and skills to industry-specific careers or further studies in the field.
Excelsior provides comprehensive support for new learners, including academic and financial aid advising. Applicants can meet with the financial aid office to explore funding opportunities and determine eligibility.
Excelsior University at a Glance:
Type of School: Private
Student-to-Faculty Ratio: 19-to-1
Average Alumni Earnings After Six Years: $60,200
Average Undergrad Tuition
In-state
Not provided
Out-of-state
Not provided
Average Graduate Tuition
In-state
Not provided
Out-of-state
Not provided
More Details
#2 MOST AFFORDABLE ONLINE BUSINESS DEGREES
University of the Cumberlands
- Williamsburg, KY
- 4 years
- Online
A leader in Christian education, University of the Cumberlands hosts 37 bachelor’s degrees, all of which are available online. Individuals pursuing career opportunities or graduate studies in the business field can choose from a BA or BS track in business administration. The BS program features multiple concentration options.
Students seeking career, academic, or financial guidance can benefit from institutional resources like career services and academic advising. The financial aid office at Cumberlands helps eligible degree-seekers connect with funding sources, including scholarships and fellowships.
University of the Cumberlands at a Glance:
Type of School: Private
Admission Rate: 81%
Student-to-Faculty Ratio: 20-to-1
Undergrad Tuition: $9,875
Average Alumni Earnings After Six Years: $28,500
Average Undergrad Tuition
In-state
$9,875
Out-of-state
$9,875
Average Graduate Tuition
In-state
$4,282
Out-of-state
$4,282More Details
#3 MOST AFFORDABLE ONLINE BUSINESS DEGREES
Liberty University
- Lynchburg, VA
- 4 years
- Online + Campus
Liberty University supports 93 bachelor’s programs, 34 of which are available online. Students seeking a business degree with a Christian perspective can complete the school’s online bachelor of science in business. This program holds accreditation from the Accreditation Council for Business Schools and Programs.
Liberty connects enrollees with success-oriented resources such as career services and academic advising throughout their studies. Learners can contact the university’s office of financial aid to explore funding opportunities, such as scholarships, grants, and federal financial aid.
Liberty University at a Glance:
Type of School: Private
Admission Rate: 50%
Student-to-Faculty Ratio: 17-to-1
Undergrad Tuition: $14,791
Average Alumni Earnings After Six Years: $35,800
Average Undergrad Tuition
In-state
$14,791
Out-of-state
$14,791
Average Graduate Tuition
In-state
$7,935
Out-of-state
$7,935More Details
#4 MOST AFFORDABLE ONLINE BUSINESS DEGREES
Monroe College
- The Bronx, NY
- 4 years
- Online + Campus
Based in the Bronx, New York, Monroe College is a private for-profit institution. The school’s 14 in-person and online undergraduate programs include a bachelor’s in business management available across both modalities. Graduates of this program can enter the workforce or pursue further education such as a master’s degree.
Monroe supports students through institutional resources, including career services and academic advising. Eligible degree-seekers can benefit from financial aid opportunities such as scholarships and grants.
Monroe College at a Glance:
Type of School: Private
Admission Rate: 49%
Student-to-Faculty Ratio: 16-to-1
Undergrad Tuition: $14,796
Average Alumni Earnings After Six Years: $29,100
Average Undergrad Tuition
In-state
$14,796
Out-of-state
$14,796
Average Graduate Tuition
In-state
$16,070
Out-of-state
$16,070More Details
#5 MOST AFFORDABLE ONLINE BUSINESS DEGREES
The University of West Florida
- Pensacola, FL
- 4 years
- Online + Campus
The University of West Florida (UWF), located in Pensacola, provides 57 bachelor’s degree options in remote and face-to-face modalities. The school’s AACSB International-accredited bachelor of science in business administration helps prepare graduates for the demands of a business career through rigorous study, relevant coursework, and experiential learning opportunities. Participants also develop the discipline needed to complete graduate studies.
UWF connects students with success-oriented resources such as career services, academic advising, and financial aid counseling. Funding opportunities for eligible learners include scholarships and federal grants. The average UWF degree-seeker receives a financial aid award package of $9,209.
The University of West Florida at a Glance:
Type of School: Public
Admission Rate: 58%
Student-to-Faculty Ratio: 20-to-1
Undergrad Tuition (In State): $3,735
Undergrad Tuition (Out of State): $16,004
Average Alumni Earnings After Six Years: $33,600
Average Undergrad Tuition
In-state
$3,735
Out-of-state
$16,004
Average Graduate Tuition
In-state
$7,088
Out-of-state
$22,166More Details
#6 MOST AFFORDABLE ONLINE BUSINESS DEGREES
Central Methodist University
- Fayette, MO
- 4 years
- Online + Campus
Central Methodist University (CMU) boasts a robust hybrid learning environment, supporting both in-person and online education modalities across 27 bachelor’s degrees. Available online and at the school’s Fayette, Missouri, campus, the school’s bachelor’s-level business program features BA and BS tracks. Graduates can apply their knowledge and skill sets to master’s studies or diverse careers in the business field.
Students seeking career, academic, and financial guidance can benefit from CMU’s institutional resources. Learners can connect with the financial aid office to explore funding opportunities, such as federal financial aid and institutional scholarships.
Central Methodist University at a Glance:
Type of School: Private
Admission Rate: 100%
Student-to-Faculty Ratio: 16-to-1
Undergrad Tuition: $5,950
Average Alumni Earnings After Six Years: $35,000
Average Undergrad Tuition
In-state
$5,950
Out-of-state
$5,950
Average Graduate Tuition
In-state
$6,075
Out-of-state
$6,075More Details
#7 MOST AFFORDABLE ONLINE BUSINESS DEGREES
The University of Missouri
- Columbia, MO
- 4 years
- Online + Campus
The University of Missouri (Mizzou) offers 83 bachelor’s degrees, 14 of which are available online. These flexible programs include a fully remote bachelor of science in business administration (BSBA). Accredited by AACSB International, the BSBA program prepares participants to pursue diverse business careers or earn a graduate degree, such as an MBA.
Mizzou’s career services, academic advising, and other resources help business students navigate the degree process. Learners can meet with a financial aid counselor to discuss funding opportunities and determine eligibility for scholarships. Of the college’s total undergraduate cohort, 93% receive some form of aid.
The University of Missouri at a Glance:
Type of School: Public
Admission Rate: 82%
Student-to-Faculty Ratio: 18-to-1
Undergrad Tuition (In State): $9,330
Undergrad Tuition (Out of State): $27,612
Average Alumni Earnings After Six Years: $42,700
Average Undergrad Tuition
In-state
$9,330
Out-of-state
$27,612
Average Graduate Tuition
In-state
$9,478
Out-of-state
$25,946
Tips for Saving Money
To further reduce the cost of your online business degree, consider these additional strategies:
1. Buy Used Textbooks
Rather than purchasing new textbooks, buy used or digital versions. This can save you hundreds of dollars over the course of your degree.
2. Take Advantage of Open Educational Resources (OER)
Many courses use open educational resources, which are freely available online. This eliminates the need to purchase expensive textbooks altogether.
3. Finish Faster
Accelerate your degree completion by taking more courses each semester. The sooner you graduate, the less you’ll pay in tuition.
4. Look for Discounts
Some universities offer discounts for military personnel, veterans, and their families. If you qualify, make sure to take advantage of these benefits.
The Best Investment in Your Future
In conclusion, pursuing the cheapest online business degree is a strategic investment in your future. As the demand for business professionals continues to rise, having a degree can open doors to a world of opportunities. By choosing an affordable online program, you can achieve your career goals without breaking the bank.
Remember, the path to an affordable degree is attainable through careful research, financial aid, and cost-saving strategies. Whether you’re a recent high school graduate or a seasoned professional, an online business degree can be the key to unlocking your potential in the business world.
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