The Cheapest Online Colleges (Ranked)

Introduction to Low-Cost Degrees00:00:00

Most bachelor's degrees are prohibitively expensive, costing upwards of $40,000 to $100,000. However, fully accredited and legitimate online alternatives exist that cost between $3,000 and $8,000.

University of the People00:00:36

This university is tuition-free but charges fees for exams, totaling around $7,300 for a degree. They are now regionally accredited and offer various majors, though students should expect less support and some peer-to-peer grading.

Western Governors University (WGU)00:01:52

WGU utilizes a competency-based learning model where students pay a flat fee per 6-month term and progress as quickly as they master the material. Students can accelerate completion and save money, especially by transferring in credits through 'college hacking'.

New Lane University00:04:25

New Lane limits total degree costs to $1,500 for an associate and $1,500 for a bachelor's degree. While currently nationally accredited and limited in major variety, it offers one of the most cost-effective degree structures available.

University of Maine at Presque Isle (UMPI)00:07:13

UMPI offers an online, competency-based 'Your Pace' program with 8-week terms. By transferring in credits from third-party sources and accelerating through courses, students can earn a regionally accredited degree from a public university for as little as $2,300.

Conclusion and Strategy00:10:04

These institutions represent a shift in higher education toward student-centered, efficient learning. By choosing the right model and utilizing transfer credits, students can graduate quickly without incurring significant debt.