Five of the Cheapest Online MBA Programs

Sep 20th, 2009

With all the news about “diploma mills” and the like, students are becoming more cautious of where they receive their online education, investigating deeper into accreditation standards.  More and more news articles are coming out with the intention of discrediting the entire online education endeavor, although most of the popular online universities are vastly different from the schools named in these articles.  Finding schools that offer cheap programs is additionally difficult to do, since as a student you run the risk of being sucked into a “diploma mill” that is only feigning accreditation.  However, the Distance Education and Training Council (DETC) offers students the assurance that their school’s online programs are nationally accredited.  The following are five online MBA programs which are accredited and offer low rates for their programs.

Mississippi State
The Distance Learning Program at Mississippi State offers students the opportunity to gain an MBA from an accredited public university without forcing them to move to Starkville, Mississippi.  This university prides itself on being one of the “best college buys” in the nation and offers online MBA classes for $485.25 per credit hour.  Requiring 30 credit hours, this degree ends up costing students only $14,557, a low price for an education that can get you far in the business world.  Additionally, the College of Business is accredited by the Association to Advance Collegiate Schools of Business.

Aspen University
While this university used to pride itself on its prepaid $4,500 price tag for an MBA, it has since gone up to $225 a semester hour (paying the whole cost up front is no longer accepted).  However, compared to many other universities, this is still a steal for an accredited MBA degree.  Thirty hours of study only runs the student $6,750 which is a small price to pay for a career which can earn you nearly $100,000 a year to start off!  Aspen is also accredited by the DETC which helps explain its low rates of tuition.

Southwest University
This school is also accredited by the DETC and offers students the rate of $250 per semester hour, requiring only 27 hours to attain the degree (9 courses).  Therefore, this rate of tuition also equals Aspen’s rate of $6,750 which helps to provide students with options of what program to enroll in. 

Andrew Jackson
Having been forced to raise its price in recent years, Andrew Jackson University offers students the rate of $300 a semester for a 36 hour MBA.  This comes out to $10,800 for the entire degree, although this school in particular stresses the importance of writing within the program.  While it is more costly than the previous schools, it leaves students with a better understanding of business.

Amberton University
As another traditional and distance learning school, Amberton offers competitive rates to students at $675 per 3-credit hour, and requires 30 hours for the MBA degree.  Offering the same rates as Aspen and Southwest, it appears that this is the cheapest rate students can get for a distance learning MBA program, running $6750 upon completion.  Amberton is additionally accredited by the Southern Association of Colleges and Schools, and recognized by the U.S. Department of Education as a licensed degree-granting institution. 
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