Pursue a master’s degree at a school offering the cheapest online masters degree, and receive the same quality education and services provided to students attending the school in a traditional classroom setting. This potentially surprising information is only one factor for a person to consider when deciding whether to pursue an online master’s degree. Although the cost of pursuing a graduate degree has increased considerably over the past several years, there are schools that offer online master’s degree programs that are comprehensive, yet affordable.
Reasons to Enroll at a School Offering the Cheapest Online Master’s Degree
Career Outlook, published on the Bureau of Labor Statistics (BLS) site, explains that if you want to know whether it pays to stay in school, just look at the data. The data from the BLS Current Population Survey indicates that as workers’ educational attainment rises, there is an increase in earnings and a decrease in unemployment. The BLS also reveals that employment at the master’s degree level is expected to grow by approximately 17 percent through 2026. This is considered ‘the fastest of any educational level.’
Earning a master’s degree helps students develop new knowledge and skills that likely help advance a students’ current career. Completing a master’s degree, including the cheapest online master’s degree options, also likely leads to greater earnings. Students that want to change careers have the potential opportunity to gain the expertise needed to excel in a new career field after completing a master’s degree.
Students that earn their master’s degree online avoid some costs that possibly affect the ability of some people to continue their education. There are no expenses related to on-campus housing costs, regular transportation costs to and from the school, or some other costs normally associated with attending classes at the physical school location.
These affordable master’s degree programs offer a high-quality education with some of the lowest tuition costs. The listed tuition rate includes only the cost of enrolling in the course. It does not include the cost of fees or the cost of any required supplies. Please note that we cannot guarantee the exact tuition costs because schools sometimes change their tuition and other information. Check with a particular school that you wish to apply to for details regarding any potential changes in tuition or other information.
See below the schools that offer online master’s degree programs!
1. Western Governors University
Western Governors University offers nearly 40 online master’s degree programs. Choose from degree options in education, nursing, health care administration, business, information technology or business.
Enjoy the flexibility, and the strong faculty support offered by the convenient, affordable online master’s degree programs at the university. Start your master’s degree program at the beginning of any month throughout the year.
- Tuition: est. $252 per credit hour
- Accreditation: NWCCU, AAQEP, CCNE, CAEP, CAHIIM, ACBSP
2. Valdosta State University
Valdosta State University promotes leadership through best practices, strategic planning, and faculty support. The master’s degree focus areas at the school include communications, business, healthcare, education, criminal justice, ESOL, foreign language education, and public administration.
- Tuition: $293 per credit hour
- Accreditation: SACSCOC, CCNE, AACSB, Georgia Professional Standards Commission
3. Fort Hays State University
The affordable, yet comprehensive graduate programs at Fort Hays State University prepares students for a greater future, and potentially allows them to enter a new career. Some graduate students taking a recent exit survey also included the opportunity to prepare for a doctoral program as the reason for earning their master’s degree at the school with nationally recognized programs.
- Tuition: $298.55 per credit hour
- Accreditation: Higher Learning Commission, CCNE, NCATE, Council on Social Work Education, U.S. Department of Homeland Security and National Security Administration
4. Lamar University
Complete your master’s degree in as little as 16 months when you enroll in a graduate degree program at Lamar University. The school offers online master’s degree programs in business, education, political science, criminal justice, nursing, and health sciences. Benefit from an online program that features rich engagement, high quality faculty, and 100 percent online courses.
- Tuition: $300 per credit hour
- Accreditation: SACSCOC, ACEN, AACSB
5. Louisiana State University – Shreveport
The Louisiana State University – Shreveport campus invites individuals to earn their master’s degree at the school in an entirely online format. Complete your courses anytime and anywhere, while furthering your intellectual inquiry through study and research.
The school offers 19 master’s degree programs in a 100 percent online format. Choose your degree from business, education, non-profit administration, or healthcare administration program options.
- Tuition: $307.49 per credit hour
- Accreditation: SACSCOC, AACSB, CAEP
6. University of the Cumberlands
The University of the Cumberlands accommodates the needs of adult students by offering master’s degree programs in business, education, medical science, counseling, leadership and other programs. Students learn to incorporate the up-to-date technology and developments in their chosen field, while enjoying the flexibility of an online program.
There are a couple of master’s degree programs that may have slightly higher tuition. One example is the MSN – Family Nurse Practitioner (FNP) program. The tuition for that program is $500 per credit hour.
- Tuition: $315 per credit hour
- Accreditation: Southern Association of Colleges and Schools Commission on Colleges (SACSCC), IACBE, CCNE
7. Arkansas State University
Arkansas State University has been awarding graduate degrees for more than 60 years. Students that want to earn an online master’s degree have the same well-rounded educational experience as graduate students that complete their program in a traditional classroom environment.
The school offers more than a dozen online master’s degree programs, including an MBA program, Master of Public Administration, several master degrees in education concentrations, and several communications degree options. Some students earn a master’s degree in non-traditional programs, such as the Master of Science in Disaster Preparedness and Emergency Management, or the Master of Science in Media Management.
- Tuition: $317 per credit hour
- Accreditation: Higher Learning Commission, AACSB, CAEP, NASPAA, AEJMC
8. Fitchburg State University
The Graduate Studies Department at Fitchburg State University invites prospective students to earn their master’s degree on their own time. Online students enjoy the same level of support as graduate students that attend classes on campus.
The school offers more than a dozen online master’s degree programs, including programs in marketing, management, nursing, education, and computer sciences.
- Tuition: $334 per credit hour
- Accreditation: New England Commission of Higher Education, CCNE, IACBE, NCATE
9. Oklahoma State University
Oklahoma State University brings its tradition of excellence to students anywhere across the country through its online master’s degree programs. The school is a Carnegie top-tier research university.
The convenient online classes offer the flexibility needed for many students with busy lives that cannot commit to regularly attending classes on campus. The school offers more than 20 online master’s degrees at an affordable cost.
- Tuition: $360 per credit hour
- Accreditation: Higher Learning Commission, CAEP, ALA, APA, CCNE, CACREP, AABI, AACSB
10. Columbus State University
Earn your master’s degree completely online at Columbus State University and advance your current career or start a completely new career. The university explains that no matter which program that you choose to enroll in, you will gain the necessary knowledge, skills, connections, and experiences that you need to thrive in your current or future career.
The school offers more than 30 online master’s degrees.
- Tuition: est. $370 per credit hour
- Accreditation: SACSCOC, GAPSC, CCNE, AACSB
11. University of Colorado
Prepare for your professional future when you earn an online master’s degree from the University of Colorado. Graduate students likely gain the opportunity to achieve greater earnings potential, as they start or expand their career.
The school indicates that students learn from world-class educators ‘with real-world industry experience.’ Students choose from 25 online master’s programs.
- Tuition: $377 per credit hour
- Accreditation: Higher Learning Commission, APA, AACSB
12. Kennesaw State University
Prospective students have the opportunity to choose from 20 online master’s degree programs when they consider Kennesaw State University. The school indicates that every online program undergoes rigorous evaluation from faculty, as well as the instructional design staff. The purpose of the evaluation is to continuously ensure that the programs are ‘thoughtfully prepared and delivered.’
The school offers affordable master’s degrees in a variety of education concentrations, engineering, nursing, cybersecurity, and other programs.
- Tuition: $383 per credit hour
- Accreditation: SACSCOC, IACET, CAEP
13. Baker University
Baker University offers graduate students the opportunity to earn a master’s degree in an affordable, online format. The flexibility of the online master’s degree programs allows students to gain the skills and knowledge necessary to succeed in their chosen field. At Baker, you can earn your MBA in 18 to 20 months. MBA Concentrations focus on finance, health care administration, human resources, strategic management. Baker grads earn the highest average salaries among graduates of universities in Kansas.
- Tuition: $618/credit hour
- Accreditation: Higher Learning Commission, CCNE, CAEP
14. Campbellsville University
Campbellsville University offers 29 master’s degree programs in an entirely online setting. Choose a degree in information technology, education, business, nursing, criminal justice or other options. The school offers the convenience and flexibility of completing classes anytime, and anywhere, while also being a university with some of the cheapest online master’s degree programs.
- Tuition: est. $392.33 per credit hour
- Accreditation: SACSCOC, CAEP, CSWE, IACBE
15. Minot State University
Minot State University offers in-state tuition rates for all students. Graduate students pursuing an online master’s degree also benefit from the fact that they can earn their degree from anywhere in the country without ever having to set foot on the schools’ North Dakota campus.
Students earning a master’s degree choose from six programs, with some programs offering a variety of concentrations within the graduate degree program.
- Tuition: $413.97 per credit hour
- Accreditation: Higher Learning Commission, Council on Academic Accreditation in Audiology and Speech-Language Pathology of the American Speech-Language Hearing Association, ACEN, IACBE
16. University of Alabama
The University of Alabama offers ‘Bama by Distance,’ the school’s format for its online programs. The school offers more than 30 online master’s degrees, and a few others in a hybrid format. The innovative and exciting program offerings allow graduate students to continue with their busy life without having to attend classes in a face-to-face format. Enjoy pursuing your master’s degree from a prestigious university without taking classes at the university.
Students choose their affordable online master’s degree from nine focus areas.
- Tuition: $420 per credit hour
- Accreditation: SACSCOC, AACSB, CCNE
17. Logan University
Logan University commits to making a health care education within reach of all students with promise, while still offering a ‘world-class education.’
The university offers three online award-winning master’s degree programs. Enroll in your choice of the Master of Health Informatics degree program, the online Master’s in Nutrition & Health Performance, or the online Master’s in Sports Science & Rehabilitation.
- Tuition: $450 per credit hour
- Accreditation: Higher Learning Commission, ACEND
18. Midwestern State University
Midwestern State University invites prospective students to lead, learn, live, explore, and discover. The school, with two campuses located in the State of Texas, also offers several graduate degrees. Consider a Master’s in Health Administration, an MSN degree, a Master of Arts in Human Resources Management, or a master’s degree in counseling, criminal justice, sport management or other program options.
- Tuition: est. $460 per credit hour
- Accreditation: SACSCOC, CAEP, AACSB, JRCERT, CCNE
19. West Texas A&M University
West Texas A&M University offers high-quality online master’s degree programs that are engaging, flexible, and affordable. The online graduate degree programs prepare students for licensure or certification in their chosen field in the State of Texas.
Some online graduate students are potentially eligible for a waiver that significally reduces the cost of tuition.
- Tuition: $465 per credit hour
- Accreditation: SACSCOC, CCNE, ACBSP, Texas Education Agency’s State Board for Educator Certification
21. Wilmington University
Wilmington University believes that every student can exceed their potential and become a leader. The online options for earning a master’s degree provides students with the ability to pursue their degree without the rigid schedule of a traditional learning environment.
The university is an award-winning school, including for its e-learning program. The school offers a military discount, and affordable tuition for all students.
- Tuition: $488 per credit hour
- Accreditation: Middle States Commission on Higher Education, IACBE, CAEP, CCNE, ABA, CACREP
22. Sam Houston State University
Sam Houston State University considers itself a leader in online education. The university places the success of each student as its top priority. Pursue your academic and career goals by earning an affordable master’s degree at an award-winning school. The school offers extensive resources for students, and the benefit of learning from talented, innovative faculty members.
The cost of tuition covers some fees administered by the school.
- Tuition: $502.75 per credit hour
- Accreditation: SACSCOC, AACSB, FEPAC, CAATE, CAEP,
23. Cameron University
Cameron University explains that the school prepares students for success in their chosen profession, to make meaningful contributions to a rapidly changing world, and to experience lifelong learning.
Cameron University offers a Master of Science in Organizational Leadership, a Master of Science in Behavioral Sciences – Psychology Track, Master of Education in Reading, and a Master of Business Administration (MBA).
- Tuition: est. $527 per credit hour
- Accreditation: Higher Learning Commission, ACBSP, NCATE
24. Old Dominion University
Pursuing an online master’s degree at Old Dominion University allows students to experience the same excellent resources afforded to traditional students. Earn your degree by completing course requirements from anywhere, on your own time. Gain the skills and knowledge required for real-world careers when you enroll in one of the more than three dozen master’s degree programs at the school.
- Tuition: $595 per credit hour
- Accreditation: Commission on Colleges of the Southern Association of Colleges and Schools, CAEP, AACSB, CACREP, CCNE, APA
25. Wayne State University
Wayne State University focuses on providing a supportive environment for all graduate students, and provides leadership in advancing academic excellence in its graduate programs. Students that have a minimum undergraduate GPA of at least 2.75 are welcome to apply to a master’s degree program at the school. There are 11 graduate schools and colleges at Wayne State University. Choose your preferred degree from more than 100 programs.
- Tuition: $678.55 per credit hour
- Accreditation: Higher Learning Commission, AACSB, CAEP, CACREP, ABET, ABA, APA, NASPAA
We work diligently to develop our lists of the best and most affordable schools that are based on factors that are most relevant to students. We ranked each of these cheapest online master’s degree programs by assigning a unique score based on tuition. If there was a tie, the school that has the lower tuition cost received the higher ranking.
We always strive to do our best to rank each school on our lists fairly and accurately. We do not allow any school to pay us for a better placement in our rankings. Any sponsored school is kept separate from our ranked schools, and then clearly labeled as SPONSORED.
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