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Understanding the Financial Benefits
The most immediate financial benefit of online college programs is the elimination of application fees. These fees can range from $50 to $100 per application, which adds up quickly if you're applying to multiple schools. By choosing programs that waive these fees, you can save a significant amount of money upfront. Additionally, online programs often have lower tuition rates compared to traditional on-campus programs. According to the National Center for Education Statistics, the average cost of tuition and fees for a full-time undergraduate student at a public institution was $9,400 for the 2020-2021 academic year1. In contrast, many online programs offer competitive pricing, sometimes even lower than their on-campus counterparts.