What Is the Average Cost of Tuition Per Credit at an Online University?

With college costs rising nearly every year, the cost of tuition surely weighs on the minds of all those considering either an online or traditional college education. Read on for more information regarding the average cost of tuition per credit hour for an online university. Schools offering Accounting & Finance degrees can also be found in these popular choices.

Per-Credit Tuition for an Online University

The average cost per credit hour at Columbia College Online, Online University of Illinois-Springfield, Online University of Wisconsin and several other online universities is between $275 and $395. However, many factors can impact the cost of a complete online degree program. Factors influencing the average per-credit cost of online university programs include the ones shown below:

  • Type of program
  • Residents and non-residents
  • Graduate and undergraduate

Important Facts About Other Fees for an Online University

Columbia College Bellevue University University of Illinois Springfield
Application Fees $35 $50 none
Graduation Fees $75 $50 $55
Other Mandatory Fees none general college fee $150/term $179/semester + $18.40/credit hour + $25/credit hour for online academic support

Residents and Non-Residents

Several colleges and universities provide a discounted tuition rate for residents of the state in which the school is located. Hibbing Community College, for example, charged Minnesota residents $199.93 per credit hour for online courses and $239.33 for non-residents as of 2015-2016. Some schools may charge as much as twice the cost per credit hour for non-residents as for residents. Other institutions, such as the University of Illinois at Springfield, develop a special online-only rate, which results in the same cost per credit hour for residents and non-residents alike.

Graduate and Undergraduate

The average cost of tuition per credit hour for online graduate courses is typically higher than that of online undergraduate courses. This cost is generally between $100 and $125 more per credit hour. Among schools that charge in this range for online graduate courses for the 15/16 academic year are Columbia College Online and Bellevue University, both private non-profit schools.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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