Tuition for online universities is typically lower than traditional universities. This is because online universities do not usually incur as many expenses as traditional colleges and universities. Online universities usually charge several hundred dollars per credit, while students at traditional universities pay between $30,000 and $50,000 on average each year.
Students can usually obtain a degree from an online university less expensively than from a traditional university because of the reduced tuition and lower living expenses. Living expenses for students attending online universities are significantly reduced because students do not have to commute or pay room and board fees in order to attend online classes. Fees for technology usage and books, however, are typically the same for both online and traditional universities.
Each year more and more students have been enrolling in online educational programs as a cost-effective alternative to education at traditional universities and colleges.