Top 10 Cheapest Online Master’s Degrees in 2024

Top 10 Cheapest Online Master’s Degrees in 2024

Top 10 Cheapest Online Master's Degrees in 2024
Top 10 Cheapest Online Master’s Degrees in 2024

We created this rating to help users find graduate schools that provide the most cheap online master’s degree programs.

A decent graduate education no longer has to cost as much or more than a home, thanks to inexpensive online master’s degree programs. In this list of the cheapest graduate degrees, we include Georgia Tech, the University of Arkansas, and Arkansas State. These are top-tier colleges that provide some of the most affordable online graduate degrees available. All of Georgia Tech’s online graduate degrees are in STEM fields, which means they offer a high return on investment while remaining affordable. Still, whether you’re searching for an authorized degree in information science, teacher education, or fine arts, there’s an inexpensive option accessible entirely online.

Our strategy for discovering these economical online master’s degrees was straightforward. Universities were rated from least to most costly, with ties broken by the institution that provided the most low-cost graduate programs. Annual tuition for online master’s degree programs was calculated by taking each school’s per-credit cost and assuming a pace of nine credits each semester. All of the institutions on this list are regionally approved.

Ranking the most affordable online graduate programs

1. Georgia Institute of Technology

Computational Science and Engineering

(tuition: $14,064)

Georgia Tech offers high-value online STEM degree programs, including some of the most affordable online master’s degrees. Among these online master’s degree programs is the online computational science and engineering degree, which costs just $170 per credit. At 30 credits, the course costs about $5,100 for a comprehensive, world-class engineering degree. U.S. News & World Report routinely ranks Georgia Tech’s graduate engineering and computer science online programs among the top ten in the country. Georgia Institute of Technology’s inexpensive online master’s programs have been fully accredited by the Southern Association of Colleges and Schools Commission on Colleges.

2. Amberton University 

MBA in Management

(Tuition: $6,840)

charges the same amount for all master’s degrees offered online, whether it’s an MBA in management or an MS in family studies. In truth, undergraduate, graduate, and doctoral degrees all cost the same, regardless of the program or whether they are completed in person or online. In terms of online master’s degrees, the MBA in management includes courses in finance, management, economics, decision-making ethics, strategic leadership, and research method theory and application. Financial assistance is provided to qualifying graduate students. If you like, you may look at our list of additional best online MBA programs that do not require a GMAT.

3. Fort Hays State

Ed.S. in Educational Leadership 

(tuition: $3,729).

The majority of Fort Hays State’s online master’s degree programs are reasonably priced. This includes the highlighted online Ed.S. program in Educational Leadership. All online students pay the virtual college rate indicated below, rather than the resident or non-resident prices. Non-residents, on the other hand, must pay non-resident tuition for any courses taken on campus as part of their program. So, if you want to get the lowest online master’s degree attainable via distance learning, you should only take online courses. No GMAT or other graduate exam results are needed for admission, and transfer credits may be accepted. This is an accelerated program. We also have a full rating of additional accelerated master’s in education online programs.

4. University of Arkansas

Master of Science in Engineering

(tuition: $7,875)

The University of Arkansas offers the lowest online master’s degree programs: MS in engineering, MS in electrical engineering, and MS in engineering management. High-return STEM programs are uncommon among a school’s cheapest online master’s degrees. Furthermore, the MS in engineering is an online master’s program that is administered in eight-week periods throughout the year, with students able to enroll at the start of any session.

5. Columbia Southern

Master of Business Administration

(Tuition: $4,020)

Columbia Southern University, which has an outstanding online master’s degree, also provides a comprehensive MBA program with emphases in finance, human resource management, marketing, project management, and management information systems. All of CSU’s online master’s degree programs are the same price, so you can choose between a master’s degree in criminal justice administration, organizational leadership, public administration, public health, or occupational safety and health.

6. Graceland University

Online Master of Arts (MA) in Religion

(Tuition: $11,688)

Graceland University, one of the finest online graduate schools for master’s degrees, provides an extremely cheap online MA in religion program. The online master’s degree program is intended to fulfill the requirements of a wide range of students, whether they choose to enter ministry or continue an academic career. The master’s degree program comprises courses in Christian theology, history of Christian thought, Christ’s community, and current culture and theologies. Graceland University’s online master’s degree programs are approved by the Higher Learning Commission.

7. Arkansas State

Master of Public Administration

(Tuition: $6,282)

It should be noted that Arkansas State’s thirteen affordable master’s degree programs in fields such as education and engineering are all the same price. We chose to highlight the Master of Public Administration (MPA) master’s degree among these inexpensive online master’s programs because it is the cheapest MPA degree we’ve encountered, and you can even pick between master’s programs with an emphasis on public or non-profit management. All credit hour requirements for this low online master’s degree program may be met in as little as 18 months.

8. Southeast Missouri State

Master of Business Administration, Master of Science, Master of 

(Tuition: $6,205)

SEMO’s affordable online MBA, one of our most adaptable online programs, emphasizes distance education in general management, sports management, and health administration. If you want to find out what classes you may be studying for an MBA, read the article below. The institution also offers eight more excellent online master’s degrees, all with the same affordable tuition pricing. Other online master’s degree programs for potential students include Master of Science degrees in management, health sciences, human services, healthcare management, criminal justice, and IT management. SEMO, one of the best public institutions for online master’s degrees, also offers online MA master’s degrees in a variety of education fields, including early childhood education, secondary education, and special education, all of which are characterized by academic brilliance.

9. Marshall University

MA in Mathematics

(Tuition: $7,520)

Marshall University is home to some of the greatest online master’s programs, with nine graduate degrees available at the same affordable pricing. We picked the MA master’s degree in mathematics as our standout online program because it is a one-of-a-kind hybrid program. Hybrid master’s degrees do not require you to travel to school; part of your courses must be taken live online. Despite pursuing an online degree, you can still participate in the class in real time. Math students interested in a career in statistics might choose to focus on an extra area of specialization.

10. University of Central Missouri

Master of Science in Aviation Safety

(Tuition: $8,136)

All sixteen of UCM’s online master’s degrees at the same low price (including an MBA). We chose to emphasize the MS master’s degree in aviation safety because it is a unique degree that is not widely available via remote learning. The 32-credit online curriculum includes courses in human dynamics in the cabin, human error and tiredness, flight deck ergonomics, air traffic control error management, physiological human factors, and the fundamentals of aviation disaster causation. In addition to online courses, students can access high-quality education and support services online.

Finance Your Affordable Online Master’s Degree

When it comes to funding an online master’s degree, the first thing you should do is check the FAFSA for information about financial aid programs like federal loans and grants. This is the principal government body in charge of supporting higher education, including graduate school, and they provide all of the finest readily accessible grants and loans. Normally, after receiving FAFSA help, you would depend on institutional scholarships and grants, as well as private loans. However, given the cost of these online master’s degrees and FAFSA assistance, you should be able to pay the remaining balance out of pocket without accruing student debt if you work while enrolled. Another alternative for people who do not wish to work while earning their online master’s degree is to apply for adequate financial assistance to cover the cost of the degree as well as their living expenses while pursuing the degree.

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