Understanding Your Options for College Degrees

Online degree programs are leading a boom in•    Accessibility. Not every student has the
distance learning that has made a college educationoption of pulling up roots and attending college in
more accessible than ever before. In fact, distanceanother part of the country. In the past, this would
learning has taken a place alongside classroom learninghave meant that your educational options were
in the mainstream of American education.limited to programs that happened to be offered in
In the near term, advantages of online degreeyour area. This is no longer true. With online
programs include lower cost and greater convenience.education, academic programs from all over the
Over the long term, earning a college degree onlinecountry are now as close as your computer.
can pay off with substantial financial benefits over•    Flexible schedule. Traditional college
the course of your career.programs typically represented a rigid time schedule.
Growth of Online Degree ProgramsFor people with work or family obligations,
Online degree programs are a prominent part of theconforming to that kind of schedule is an impossibility.
trend toward distance learning which has changed theOnline programs both increase the number of
face of post-secondary education.scheduling options you have, and the flexibility of
According to U.S. Department of Education statisticsmany of those options.
for the 2006-07 academic year, 65 percent of•    Affordability. Online education gives you
colleges offer some form of for-credit distancemore low-tuition options to consider, and in particular
learning programs. In total 12.2 million people wereeliminates the room, board, and transportation costs
enrolled in these programs, with just overassociated with an on-campus education.
three-quarters of those participating via onlineFinancial Benefits
courses.Accessibility, flexibility, and affordability are all
This proliferation has led to wider choice, with 11,200short-term benefits. If these make the difference in
college programs designed specifically for distanceallowing you to pursue a college degree, then the
education. For the most part, these are not justlong-term financial benefits are considerable.
continuing education courses, but ratherSimply obtaining an associate's degree can bump the
degree-oriented programs. 66 percent of all distanceaverage person's annual earnings up to $34,000,
education programs were degree-oriented, with thecompared to $29,000 for people who didn't get
remainder representing certificate programs.beyond a high school degree or equivalent. Obtaining
As with any college program, it is important to looka bachelor's degree raises the earning level by an
for online accredited degrees--those that areeven greater margin, to $43,500, and these income
recognized as meeting a certain threshold ofgaps have been getting wider over time.
educational standards. Fortunately, with so manyThose are just one-year differences. Project those
accredited colleges now adding online programs, onlineincome differentials over the course of a career, and
accredited degrees should not be hard to find.they add up to hundreds of thousands of dollars.
Why Earn a Degree Online?That's the long-term financial benefit of a college
Today, millions of people are earning a degreeeducation, and online education may be your best
online.  Why should you consider joining them? Therechance at capturing that benefit.
are a variety of reasons: