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Questions & Answers About Online Education | Online Education Financial Aid

Are Expensive Online Colleges Better Than Cheap Ones?

Expert Advice > Online Education Financial Aid
By Vicky Phillips, Chief Education Analyst

Question: I’m searching for an online bachelor’s in business or management. But no two online colleges charge the same cost for this degree. One school can charge $50,000 more for what looks like the very same distance degree to me. Is an expensive online college better than a cheap one? —Rayette, Boise, Idaho Answer: There is no relationship between cost and quality in online education. Paying more won’t get you “more” of an education, nor will it necessarily buy you an academically better degree. The cost—and therefore affordability—of any online degree is a function of four factors. It may surprise you to learn that none of these is correlated with educational quality.
Learn the four factors affecting what your online degree costs

Can Old Undergraduate Credits Be Transferred Toward a New Online Degree?

Expert Advice > Online Education Financial Aid
By Vicky Phillips, Chief Education Analyst

Question: I attended college twelve years ago and dropped out. I finished three years of college toward my four-year bachelor’s degree in business. Can I transfer all these old credits toward a new online degree? —Tom, Maryland Answer: Your old course credits will have to "fit" into any new college's degree structure. Because no two colleges have identical degree requirements, the transfer process rarely results in a perfect fit. But you’re smart to ask about transfer credits. Losing credits in transfer is like losing your wallet. If you paid $150 per credit for your old courses—a modest price—and you lose fifteen credits when you transfer to a new college, you’ve lost $2,250. Five issues can affect your transfer credit standing. Before you enroll in any online college scrutinize each school’s policies on these issues.
Read the five issues that can affect your ability to transfer college credits to an online degree program

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