20 Most Affordable Grad Schools in 2022

    January 4, 2023 | bestvalue

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    Are you looking to go back to school for a Masters degree but do not want to break the bank? Great, check out our 20 most affordable graduate schools listed below. Earning your masters degree or doctoral degree should not cost you an arm and a leg.

    We are here to help. It is not easy finding the most affordable grad school, but we have done our best to present our best list.

    Rank School Location
    11. Fort Hayes State UniversityHays, Kansas
    2 West Texas A&M UniversityCanyon, Texas
    3University of North GeorgiaDahlonega, Georgia
    4University of WyomingLaramie, Wyoming
    5University of MontanaMissoula, Montana

    Here are the 20 Most Affordable Grad Schools


    1. Fort Hayes State University

    • Hays, Kansas
    • Graduation Rate: 71%

    Located in Hayes, Kansas, FHSU is one of the best values in higher education today. It offers many programs both online and on-campus, so it is incredibly flexible for people in all stages of life and their careers. Programs include History, Business, Speech Language Pathology, and many others. Check out their programs today.

    Tution: $298.55 per credit hour
    Acceptance rate: 93%
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    West Texas A&M University

    • Canyon, Texas
    • Graduation Rate: 43%

    You would be hard pressed to match both the cost and the quality of graduate education offered by West Texas A&M. WTAMU has more than 30 graduate programs, including 2 doctoral programs, on offer.

    Tution: $50 per credit hour
    Acceptance rate: 65%
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    University of North Georgia

    • Dahlonega, Georgia
    • Graduation Rate: 32%

    UNG is a regional multi-campus institution and premier senior military college that offers a diverse selection of graduate programs. Study Public Administration, Accountancy, Cyber Security, Nursing, teaching, and more.

    Tution: $230 per credit hour
    Acceptance rate: 81%
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    University of Wyoming

    • Laramie, Wyoming
    • Graduation Rate: 54%

    Our first entry from Big Sky country! Become a Cowboy today by enrolling at the University of Wyoming Graduate School. Study Atmospheric Science, Food Science & Human Nutrition, Soil Science, Statistics, or check out all their other offerings online today.

    Tution: $282 per credit hour
    Acceptance rate: 96%
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    University of Montana

    • Missoula, Montana
    • Graduation Rate: 42%

    Wyoming and Montana not only share some beautiful scenery, but also affordable and well-respected universities! At the University of Montana, you enjoy a great value for your dollar. Not only will you receive an excellent education, but you can count on a return on your investment!

    Tution: $262 per credit hour
    Acceptance rate: 88%
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    University of West Georgia

    • Carrollton, Georgia
    • Graduation Rate: 39%

    Another university in Georgia, but we cannot help that they are a great quality choice! UWG has a diverse graduate courses, offered online and in-person, to help you on your path to an advanced degree.

    Tution: $241 per credit hour
    Acceptance rate: 58%
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    University of Nevada – Reno

    • Reno, Nevada
    • Graduation Rate: 53%
    Outdoor view of University of Nevada campus

    Just a stone’s throw from beautiful Lake Tahoe, the University of Nevada-Reno is a great place to earn your graduate degree, either in person or online. They have programs in over 80 different disciplines with several programs being nationally ranked. The University is classified as a Carnegie R1 institution which shows the very high level of research activity.

    Tution: $297.25 per credit hour
    Acceptance rate: 88%
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    Arkansas State University

    • Jonesboro, Arkansas
    • Graduation Rate: 45%

    Arkansas State University offers low-cost, high-quality graduate education that is flexible enough for anyone’s life! Based in Jonesboro, this thriving campus is an ideal place to spend a few years, if you are pursuing your degree in person. Sticking to online? No problem! ASU offers plenty of online degrees, as well.

    Tution: $277 per credit hour
    Acceptance rate: 77%
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    East Tennessee State University

    • Johnson City, Tennessee
    • Graduation Rate: 39%

    Nestled in the foothills of the Smoky Mountains, ETSU is a highly-respected part of the Tennessee University system with the graduate programs to match their reputation! Get your graduate degree in Allied Health, Clinical Nutrition, Human Services, and Sports Management, to name just a few!

    Tution: $480 per credit hour
    Acceptance rate: 87%
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    University of the Cumberlands

    • Williamsburg, Kentucky
    • Graduation Rate: 78%

    This beautiful college is home to an entirely-online graduate school with unique and affordable programs. Earn you degree from University of the Cumberlands in Coaching, Digital Forensics, Business Administration, and much more. Get online and check their website out today.

    Tution: $315 per credit hour
    Acceptance rate: 73%
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    Wichita State University

    • Wichita, Kansas
    • Graduation Rate: 55%

    Based out of one the largest cities in Kansas, Wichita State University is a fantastic university with comprehensive online and in-person graduate programs. There are many degrees offered and the strong online offerings make this an ideal institution for working professionals and parents.

    Tution: $307 per credit hour
    Acceptance rate: 96.5%
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    Dakota State University

    • Madison, South Dakota
    • Graduation Rate: 38%

    Whether you are looking to earn an MBA, Masters of Computer Science, or Masters in Cyber Defense (to name just a few!), look into Dakota State University. DSU prides itself on helping students achieve their best by offering world-class programs at an excellent price.

    Tution $370 per credit hour
    Acceptance rate 83%
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    Indiana University – Southeast

    • New Albany, Indiana
    • Graduation Rate: 31%

    Indiana University – Southeast is one of best campuses within the IU system! Located in New Albany, IUS offers graduate degrees in Mental Health Counseling, Nursing, Liberal Studies, Strategic Finance, and Business, and more!

    Tution: $311.75
    Acceptance rate: 85%
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    New Mexico State University

    • Las Cruces, New Mexico
    • Graduation Rate: 44%

    Earn your graduate degree at New Mexico State today! We put NMSU on our list because of its expansive graduate program offerings, almost all of which can be earned online. Choose from Wildlife Sciences, Physics, Kinesiology, Finance, Family and Consumer Science, Criminal Justice, Communication Studies, and many more programs. Affordable, quality education that is definitely offers a great return on investment.

    Tution: $411.50 per credit hour
    Acceptance rate: 66%
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    Florida Atlantic University

    • Boca Raton, Florida
    • Graduation Rate: 54%

    Florida Atlantic University is not just located in beautiful Boca Raton, but it also happens to be one of the cheapest graduate schools on our list! How about that for a wonderful combination? FAU offers degrees in the departments of Computer Science, Nursing, Multicultural Education, to just name a few. Whether you want to move to the beach or are more interested in moving to the beach — FAU is an excellent destination for your graduate education.

    Tution: $371.82 per credit hour
    Acceptance rate: 59%
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    CUNY – Brooklyn College

    • New York City, New York
    • Graduation Rate: 57%

    Brooklyn College is one of the pillars of the CUNY system. It is an incredible well-respected institution with lots to offer potential graduate students. CUNY-Brooklyn College offers 74 graduate programs to date, meaning there’s a course of study for just about anyone. Notably, they offer several graduate degrees for K-12 educators and plenty of MFA degrees for those of you who have always wanted to pursue your creative side!

    Tution: $470 per credit hour
    Acceptance rate: 44%
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    California State University – Los Angeles

    • Los Angeles, California
    • Graduation Rate: 76%

    Whether you plan on attending class online or want to move out to sunny Los Angeles, Cal State-LA has you covered in terms of affordability and quality of education. Similar to some of the programs offered at CUNY – Brooklyn, CSU-LA has many creative degree options, but that is not all! You can also earn a graduate degree in Electrical Engineering, Special Education, Information Systems, Spanish, and Nursing!

    Tution: $512.25 per credit hour
    Acceptance rate: 41%
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    North Carolina A&T

    • Greensboro, North Carolina
    • Graduation Rate: 43%

    Based out of Greensboro, North Carolina A&T offers affordable graduate education across several different programs. You can study Adult Education, Applied Mathematics, Bioengineering, Food and Nutritional Sciences, or Social Work. Whatever your goals, NC A&T probably has a program that matches your ambitions.

    Tution: $593 per credit hour
    Acceptance rate: 61%
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    University of Texas – Rio Grande Valley

    • Edinburg, Texas
    • Graduation Rate: 40%

    UT-Rio Grande Valley boasts a huge catalog of graduate programs, from doctoral programs to masters degrees to graduate certificates. This includes several accelerated online programs, with classes lasting just 7 weeks! Some of the programs available for accelerated study include Accountancy, Business Administration, Criminal Justice, and Social Work.

    Tution: $623.93 per credit hour
    Acceptance rate: 81%
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    University of Cincinnati

    • Cincinnati, Ohio
    • Graduation Rate: 66%

    The University of Cincinnati is one of the nation’s best value universities across the board, so no surprise it ended up on our list. From Chemistry to Classics to Computer Science to Geology, UC offers a comprehensive catalog of programs that fit your ambitions.

    Tution: $662 per credit hour
    Acceptance rate: 73%
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    We hope that our list has been helpful in guiding your research into graduate school and programs. Our list does not include any paid or preferred listings. It is prepared subjectively, using several metrics, including (but not limited to): tuition per credit hour, acceptance rate, number of programs offered, and availability of funding. If you are a representative for a university and want to contact us about a) your schools ranking or b) the fact your school is not included, please feel free to get in touch. We welcome feedback and input. Thank you for reading our list!

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