According to College Board’s "Trends In College Pricing", the nationwide average increase of public colleges and universities is expected to increase 7%-8% for the current 2010-2011 school year. With this, private colleges and universities are looking at an average increase of about 4.5%. A Virginia university had one of the highest tuition increases to a startling 24% hike in tuition. With these figures, many students are looking elsewhere for an education as the economy doesn’t make things any easier. 

With the help of federal grants, scholarships and financial aid, there are students and parents that are able to tackle the sudden increases, but many are still finding it hard to get themselves a higher education, as it seems to become less and less affordable. What seems to be the solution to this growing problem is the enrollment in an online program. Working adults and students alike are finding it easier and less stressful on their pockets, to earn a college degree online. Some reasons why online education may be the alternative for you: 

No Dormitory Costs: Besides tuition, college housing can be the priciest of one’s college experience. Room and board costs range anywhere from $5,000-$13,000! The cost of housing can sometimes equal a year’s tuition at a community college.

No Meal Plans: Along with Room and Board, many colleges charge a separate meal plan fee per semester. This can also be as high as an extra $3,000 out of your pocket.

No Parking Fees/Transportation: Whether living on or off campus, going to class everyday can get pricey. Many students do not need vehicles when on campus, but if they choose to, they may have to pay an extra fee for parking per semester or per year. Commuter students, depending on their commute rack up mileage on their car, must pay for parking decals, and if the school is in a busy area, may encounter numerous parking tickets. 

Miscellaneous Fees: The fees alone just for attending college and using school equipment can also have a financial disadvantage. Many schools charge lab fees, printing fees, fee for Student ID cards, dorm keys, laundry cards etc.

Fewer faculty hires, scholarship cuts and tuition increases are not making the student debt ratio any better. With many online degree programs on the horizon, prospective college students are benefiting from the reduced stress of typical campus based education. Studying for a degree online leaves graduating students with more in their bank account, and a degree to show for themselves. Contact 866mymjaor today, to get started on saving money and pursuing your dream career, online!