The Pros and Cons of Online Colleges [Infographic]

pros and cons of online collegesStill weighing your college options for the fall?  Or getting a head-start on securing a spot for next year?  If so, you’ve got a big decision ahead of you.

On one hand, the value of a college degree has never been more important.  The pay gap between college graduates and workers with little or no post-high school education reached an all time high in 2014.  On average, Americans with a four-year college degree made 98% more per-hour than people without a degree.

On the other hand, more and more Americans are facing down a ton of student loan debt upon graduation.  In 2013, seven in ten graduating seniors had student loan debt.  Those grads owed an average of $28,400 in combined federal and private student loans.

For most people who are just starting out, that’s much more than just a drop in the bucket.  Paying off several hundred dollars worth of student loan debt a month – on top of all the other expenses you’re expected to shoulder now that you’re on your own – can cause real financial havoc.

Fortunately, students-to-be have more and more available options to earn a degree.  From community college to distance learning, there are good, lower-cost options open to students who choose to take the educational road less traveled.

But choosing a non-traditional option over a more traditional four-year college does involve trade-offs.  Check out our latest infographic for list of the pros and cons of online universities.

pros and cons of online colleges

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