Consider that doctorate programs generally require higher financial outlay due to the higher number of credit hours required for completion. There are also factors like the costs of the dissertation, particularly the research-related expenses, and the money spent in meeting technological requirements. Students usually buy their computers and required accessories, pay for their Internet connection, and shoulder other study-from-home expenses.
The tuition cost is the most pressing issue when pursuing an online doctorate! Be sure to check the tuition per credit hour and determine its relative affordability in your case. But don't forget to include the cost of e-books and textbooks, student fees, and other charges that make up the cost of attendance.
There's also the matter of tuition fees increasing yearly. Since a doctorate can take three and five years, it's a substantial monetary investment. Scholarships, grants, and assistantships will lead to significant reductions in the financial burden, so be sure to check out every opportunity.
In 2022, the average cost of a doctorate varies between $98,800 and $114,300, depending on the type of degree and school. Be aware that post-graduate students have an average student loan debt of $108,400 at the time of their graduation.