How Much Does It Cost to Get a Bachelor’s Degree?

By Amy Hayes Edited by Briana Sukert
Updated on October 4, 2024
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How much does it cost to get a bachelors degree? This is one of the first questions many people ask when thinking about going to college.

Along with the cost of tuition, there are other expenses and fees that add up to equal the total cost of attendance.

The cost to get a bachelors degree can widely vary based on a number of factors, such as the specific college or university, financial aid eligibility, and the program of study.

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How Much Does a Bachelor’s Degree Cost?

So, how much does a bachelor’s degree cost? The answer largely depends on several factors, including:

Average college tuition per year and other expenses are generally lower for students attending a public, in-state postsecondary institution. Out-of-state and private schools typically have higher tuition rates and fees.

Based on research conducted by the CollegeBoard, here is a breakdown of the average cost of tuition, fees, and room and board expenses associated with different types of colleges.

Institution Tuition and Fees Room and Board Total
Public Two Year
In-District
$3,860 $9,610  $13,470
Public Four Year
In-State
 $10,940  $12,310 $23,250
Public Four Year
Out-of-State
$28,240 $12,310 $40,550
Private Nonprofit
Four Year
$39,400 $14,030 $53,430

Some majors might cost more than others because of how much it may cost the school to provide the major coursework required and various books and supplies needed.

If you’re eligible for financial aid or earn scholarships, you may have less out-of-pocket expenses and earn your bachelors degree at a lower cost than you would without any financial assistance.

If you’re considering an online degree, you might be wondering, ‘How much does college cost online?’ Some expenses and fees that may not apply to online degrees, such as room and board and travel, could make getting a bachelor’s degree online more affordable.

Cost of Attendance

The combination of all tuition costs, fees, and other college expenses equals the total cost of attendance (COA). The total COA is the amount of money you can expect to pay for your degree. The COA for most schools includes these expenses:

All of these expenses can widely vary depending on your needs, your program of study, and your school. If you’re wondering how much is a bachelor’s degree from a specific college, some schools provide an estimated COA.

Pros and Cons of Online Bachelor’s Degrees

There are a number of pros and cons that come with earning a bachelor’s degree online. You might take these into consideration when deciding whether an online college degree is right for you.

Pros Cons
  • Opportunity to pursue careers that require a bachelor’s degree
  • Potential access to a wider range of job opportunities
  • Ability to learn from home or anywhere
  • Flexible class times
  • May be more affordable than a traditional in-person program
  • May miss out on potential income made from working instead of going to school
  • Lack of face-to-face instruction and networking opportunities
  • Need to pay off student loans after graduation
  • May not be a good fit depending on your personal learning style
  • May not be able to earn certain majors fully online

Schools may have different approaches to quick online degree programs, so it’s beneficial to research prospective schools and the support and resources they offer specifically for online students.

Just like when searching for quick medical degrees online, you can also check with prospective schools to determine if your intended program of study includes travel requirements to campus for any reason.

Financing Your Bachelor’s Degree

Saving up to pay for college can take some time, but here are some other ways to finance a bachelor’s degree:

There are some schools that pay you to attend college through grants, scholarships, or financial aid, which in some cases covers the total COA.

Is a Bachelor’s Degree Worth It?

Yes, a bachelor’s degree is worth it for many students. Earning a bachelor’s degree can expand your career opportunities. Some careers require a bachelor’s degree for entry.

You could even pursue a dual degree program and get two bachelor’s degrees to specialize further!

According to data from the Bureau of Labor Statistics, professionals with a bachelors degree, on average, have higher earnings and a lower unemployment rate than those without a four-year degree. Earning a bachelor’s degree may help you secure a job in your desired field or advance in your current position. A bachelor’s degree can also act as a stepping stone toward an advanced degree.

How do you get a bachelor’s degree? You can start researching accredited schools today to find the institution and degree program that best align with your interests and needs.

Start building your future—click “Find My Program” to explore your options.

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