Advertiser Disclosure
X

Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com may receive compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, Chase, U.S. Bank, and Barclaycard, among others.

By

Dig Deeper

23,573FansLike
18,680FollowersFollow
36,965FollowersFollow

Become a Money Crasher!
Join our community.

4 Reasons to Enroll in Online Master’s Degree Programs to Save Time and Money

Are you interested in earning your master’s degree? Many people answer “yes,” but for one reason or another they never act on this desire. There are many reasons for this, ranging from the time that it takes to finish the coursework to the cost of tuition. While it does take time and money to receive a master’s degree, there is a way that you can save in both of these areas. By getting your master’s degree online, saving time and money is more than possible. In fact, it is to be expected. For those who immediately are rejecting this idea and want to go to a “top” school, keep in mind that a lot of the best universities and colleges have online programs as well!

How can this save me time?

There are two distinct ways that earning your master’s degree online will save you time:

1. No commute. With online courses you never have to leave home. Instead, you will complete your course load online, without ever stepping foot in a classroom. Not having to commute to and from school makes earning a master’s degree possible for many people, especially those with career and/or family obligations.

2. No long classes to sit through. When you decide to study for your master’s degree online, you are in charge of taking in the material, completing assignments, and staying on top of all required details. That being said, you are able to work at your own pace. If you have a nine to five job, for example, you can study in the morning or evening. There is no “set time” that you have to be in a classroom. Just remember that your teachers will set deadlines.

How can this save me money?

As you probably know, college can be expensive no matter what type of degree you are after. By studying for your master’s degree online, you should be able to save yourself some money:

3. You don’t have to choose a local college. If you are going to study for your master’s in a traditional sense (going to the campus on a regular basis) you will be limited to colleges in your area. In turn, you only have so many tuition options. But when you decide to use the online method, you can compare schools far and wide to find the one that best suits your budget and educational needs.

4. Again, no commute. Think about how much money it would cost to commute to a school in your area three to five days per week. Even if it is close by, you are going to spend money on gasoline, and most likely, other expenses such as food. When studying for your master’s degree online the only commute you have is to your computer desk and that is a free ride!

A master’s degree is a great way to increase your knowledge while better positioning yourself for future career related success. By studying online you can save yourself a lot of time and money. But, you need to do some extensive research about the master’s degree you’re seeking. You want to make sure that getting the degree online won’t decrease the value of the degree in the eyes of employers. It’s very common to see people having online master’s degrees in Business, but not very common to have one in Engineering. Catch my drift? Do your research about the online university, its reputation, and seek out other people who’ve received a master’s degree online from that institution to find out if they think it helped them in the job marketplace.

(photo credit: kevindooley)

Chris Bibey
Chris Bibey is a freelance writer who over the years has honed his personal finance experience by writing more than 100 feature articles on the subject. In his spare time, Chris enjoys sports - West Virginia football in particular!

Next Up on
Money Crashers

Best Items Resell Profit

Thrift Store Flipping – 8 Best Items to Resell for a Profit

Whether searching the offerings at an estate sale or combing through the aisles of a thrift store, society is obsessed with the idea of...
Best Cities Buy Home

10 Best Cities to Buy a Home – Buyer’s Markets in the United States

If you owned a home between 2005 and 2009, there is a strong chance that you lost a good chunk of change on your...

Latest on
Money Crashers

Sign Up For Our Newsletter

See why 218,388 people subscribe to our newsletter.

What Do You Want To Do
With Your Money?

Make
Money

Explore

Manage
Money

Explore

Save
Money

Explore

Borrow
Money

Explore

Protect
Money

Explore

Invest
Money

Explore