Cheapest Online Master’s Degree Programs

Looking for Cheapest Online Master’s Degree Programs, quickest masters degree online and best online masters programs? Whether you want to advance your career or increase your earning potential after graduation, a masters in Business Administration may be just what you are looking to boost your credentials and gain additional exposure in the business community.

The best online master degree programs listed here are believed to be the cheapest by considering not only their year program tuition fee but their total annual cost of attendance. Of course this doesn’ t reflect the quality of education provided. The degrees programs listed here also do not give a complete list of all the accredited Universities that offer low cost online master degree program

Cheapest Online Master’s Degree Programs

Recent advancements in distance education technology have enabled colleges and universities around the country to offer affordable online master’s degree programs in a wide variety of subjects.

West Texas A&M University

Canyon, Texas


Number of Online Master’s Degree Programs: 13

West Texas A&M University offers affordable online master’s degree programs through its College of Education and Social Sciences, Paul and Virginia Engler College of Business, and College of Nursing. Sample programs include an MS in Sports and Exercise Science with a concentration in Sports Management, an MA in Mental Health Counseling, a MEd in Instructional Design and Technology, and a MEd in Educational Leadership. Blended learning formats are available for some programs, and other options exist within each program such as thesis and non-thesis tracks, for example. West Texas A&M University is a National Council for State Authorization Reciprocity Agreements Approved Institution.
In-State Tuition: $50

Georgetown College

Georgetown, Kentucky


Number of Online Master’s Degree Programs: 11

The top online affordable master’s degree programs from Georgetown College are fully online graduate education programs. Offerings include master’s options in Instructional Leadership, Moderate/Severe Disabilities Education, Teacher Leader, and Rank One School Improvement. These programs are accelerated and can be completed within just 20 months. The school also offers both financial aid and tuition financing options. Georgetown’s online affordable master’s degree offerings are NCATE-accredited.
In-State Tuition: $395

Louisiana State University- Shreveport

Shreveport, Louisiana


Number of Online Master’s Degree Programs: 14

Louisiana State University- Shreveport offers over a dozen top online affordable master’s degree programs. Specific program offerings include MBA programs in Data Analytics, Marketing, Hospitality and Casino Management, and Entrepreneurship and Family Enterprise. Other affordable online master’s offerings include the MEd in Reading and Literacy and the MS in Nonprofit Administration. LSU-Shreveport is accredited by the Southern Association of Colleges and Schools’ Commission on Colleges, and the Schools of Education and Business also hold their own separate accreditations. Online students receive many of the same support services as the university’s traditional students, including career services, library access, personalized advising, and more.
In-State Tuition: $344.22

University of Illinois- Springfield


Number of Online Master’s Degree Programs: 14

The University of Illinois- Springfield has received national acclaim for its online programs, including its affordable online master’s degree programs. Students may choose from graduate offerings such as the MS in Data Analytics, MA in Social Services Administration, MS in Environmental Sciences, MS In Management Information Systems, and MA in Political Science, for instance. Additionally, the school offers seventeen online graduate certificates, including Geographic Information Systems, Community Health Education, Business Process Management, Environmental Health, and more. Online certificate and licensure programs are also available.
In-State Tuition: $365.75

Southeast Missouri State University

Cape Girardeau, Missouri


Number of Online Master’s Degree Programs: 17

Southeast Missouri offers over 30 online degree and certificate programs, including both undergraduate and graduate options. All of the school’s top affordable master’s degree programs are completely online options. Sample programs include the MA in Applied Behavior Analysis, MA in Elementary Education, MBA in Health Administration, Master of Public Administration, and MA in Exceptional Child Education. All online offerings are taught by the same distinguished faculty members who teach on campus. Southeast Missouri State is regionally accredited by the Higher Learning Commission’s Commission on Institutes of Higher Education.
In-State Tuition: $374

California State University- East Bay


Number of Online Master’s Degree Programs: 4

California State University- East Bay’s robust online degree program features over 100 different courses certified as high-quality online courses. The school also offers top affordable online master’s degree programs such as MS in Education, MS in Educational Leadership, MS in Recreation and Tourism, and MS in Health Administration. Hybrid courses and degree programs are also available. Most of CSU- East Bay’s online courses are accelerated, 8-week classes and students are encouraged to log in three to four times a week to be successful.
In-State Tuition: $2,082 for 1-6 unit

University of North Texas

Denton, Texas


Number of Online Master’s Degree Programs: 24

The University of North Texas offers a variety of affordable online master’s degree options, many of them are accelerated programs. Sample programs include the MS in Digital Communication Analytics, MEd in Educational Leadership, MS in Learning Technologies, and an MBA in Marketing. Other online graduate degree programs are available through the university’s College of Liberal Arts and Social Sciences; College of Merchandising, Hospitality, and Tourism; College of Health and Public Service; and College of Information. UNT’s online students have access to many of the same resources as traditional students, including counseling, career services, a student success program, and academic tutoring.
In-State Tuition: $277.79

Columbus State University

Columbus, Georgia


Number of Online Master’s Degree Programs: 28

Columbus State University offers numerous top online affordable master’s degree programs featuring some hybrid and blended learning opportunities. Among these offerings include the Master of Public Administration: Government Administration, MEd in Teacher Leadership, MS in Cybersecurity Management, and MS in Applied Computer Science, for instance. The university also offers online teaching endorsements as well as online graduate certificates such as Online Teaching, Marriage and Family Counseling, Healthcare Informatics, and Nurse Educator.
In-State Tuition: $210

University of Alabama

Tuscaloosa, Alabama


Number of Online Master’s Degree Programs: 42

The University of Alabama offers a wide variety of top online master’s programs in areas of study such as commerce and business administration, community health sciences, human environmental sciences, law, nursing, communication and information sciences, education, engineering, social work, and more. Blended learning opportunities are available. Students who wish to continue their education beyond their master’s can consider the university’s online PhD programs in nursing practice and aerospace engineering and mechanics.
In-State Tuition: $420

Oklahoma State University

Stillwater, Oklahoma
Number of Online Master’s Degree Programs: 24

A leading provider of top affordable online master’s programs, Oklahoma State University offers online graduate study options in subjects like business, agriculture, education, engineering, and information sciences. Sample programs include MS in Nutritional Sciences with a concentration in Dietetics, MS in Financial Family Planning, MS in Entrepreneurship, MS in Aviation and Space, and MS in Engineering and Technology Management. Students also have the opportunity to pursue a wide variety of online graduate certificates such as Public Health in Rural and Underserved Communities, Non-Profit Management, Marketing Analytics, Information Assurance, and Grassland Management, for example.
In-State Tuition: $230.45

University of Texas- Permian Basin


Number of Online Master’s Degree Programs: 7

The University of Texas- Permian Basin offers top online graduate programs in the areas of business and education. Its affordable online master’s degree offerings include a Master of Public Administration, MBA, MBA in Finance, MA in Educational Leadership, and MA in Special Education, for example. The accelerated courses comprising the curricula for these programs are just seven weeks in length, and six annual start dates make it convenient for students to begin earning their degrees. The blend of synchronous and asynchronous content delivery make these top affordable master’s online programs both convenient and interactive.

In-State Tuition: $303.71 (varies by program)

University of Arkansas- Fayetteville

Fayetteville, Arkansas


Number of Online Master’s Degree Programs: 20

The University of Arkansas- Fayetteville offers numerous affordable online master’s degree programs through its Global Campus. Sample offerings include MEd in Special Education, Master of Laws in Agriculture and Food Law, MS in Operations Management, MS in Food Safety, Professional Master of Information Systems, and MS in Electrical Engineering. Blended options are also available. The school’s online graduate education and graduate engineering programs have been nationally recognized. The school is accredited by the Higher Learning Commission and participates in the Quality Matters program, a national organization that sets standards for online and blended courses.
In-State Tuition: $
430.69

Indiana Tech

Fort Wayne, Indiana


Number of Online Master’s Degree Programs: 10

Indiana Institute of Technology offers robust, affordable online master’s degree programs through its College of Professional Studies. One such offering is the online MBA program with concentrations in Accounting, Health Care Management, Human Resources, Management, and Marketing. The university is also home to several top affordable online MS programs such as the MS in Engineering Management, Management, Organizational Leadership, and Psychology. Indiana Institute of Technology’s online programs emphasize the real-world application of skills.
In-State Tuition: $515-557

quickest masters degree online

1. Cappella University Quick 6 months masters degree online

Typically, a master’s degree program at Capella University may last as long as two years or at least 18 months. However, through its Prior Learning Assessment, students are allowed to learn at their own place. They can set a deadline for themselves. Hence, the possibility of a 6 months master’s degree program. Capella offers two online learning layouts, GuidedPath and FlexPath

Practically, Capella University is a pioneer in online and self-paced learning. This learn at your own pace school of thought allows students to set their own deadlines and move through the material faster than traditional programs, making this an ideal choice for students looking to finish their master’s degrees faster.

With this, they can finish a program in as little as six months. Capella University 6 months master’s degree online is open to students who wish to earn an online masters degree in an MBA specialization as well as MS in Psychology. Masters’s degree in these fields can be finished quickly, though the school is always willing to work with student needs. However, with flex path you may earn your master’s degree in 12 months and under $11,500.

2. Fort Hay State University

 FHSU offers high-quality education and strongly posit taht education should be accessible to all. Hence, the FHSU Virtual College brings flexibility, convenience, and great value to all of its students.

This institution offers a reputable and flexible MBA program that will help you develop skills in the functional areas of business and learn how to apply those skills to think and act like a manager to achieve organizational goals in a global environment.

Basically, these 34 credit courses will definitely increase your marketability with employers. Its a 100 percent online masters degree program for working professionals that allows them to earn a degree without interrupting their career.

Interestingly, students can complete the 34 credit within six months or spread across three semesters. In fact, students are allowed to set their deadlines and work towards achieving it.

However, it is important to note that a masters degree online from FHSU is highly recognized as it is consistently ranked as one of the best online programs in the country by U.S. News and World Report.

In summary, a masters degree online at FHSU may cost about $3497

3. University of Miami 10 months masters degree online program

This university holds various online programs and degrees for every student who wishes to earn a degree. They posit that they offer so quality an education that they do not want anyone to be left out. Interestingly, they allow their students to set their own deadline, hence, the possibility of obtaining a master’s degree online within 10 months.

So, students planning to take on sped-up learning programs can earn certification and MBAs within 10 months.  MBA in Real Estate (40 credits), Master of Science in Finance (35 credits), and BSN programs  are the most accelerated programs at the University of Miami.

However, tuition fee for 10 months or 1 year masters degree online at University of Miami is $2, 100 per credit.

4. California Baptist University’s Online Accelerated MS of Accounting Degree Program

CBU is a private-owned University in Magnolia Avenue Riverside, California.  It offers a step above undergraduate degrees that will take you closer to your dream.

In practical terms, the university creates a flexible study period for students to commence and complete a master’s degree online in Accounting within a year. However, to enjoy this accelerated 1-year master’s degree online, you must have earned 30 major units before applying for this program.

Basically, California Baptist University’s online Masters of Science in Accounting degree program prepares candidates to advance professionally as effective, innovative and ethical financial leaders.  

Hence, with this online Master of Science in Accounting degree program, students may gain additional educational requirements that are necessary to become licensed as a Certified Public Accountant (CPA) in the state of California.

The 1-year master’s degree program will explore contemporary issues in Auditing and Assurance, Taxation, Business Law, Financial Accounting and Business Ethics and Responsibilities. Anyone who seeks to gain additional professional development in accounting and accounting-related business topics can enroll in this program.

Also, the online masters of science in an accounting degree program is for every student or professionals who is led to teach accounting, especially at a higher education institution. It is important to note that the university offers over 20 fully online master’s degree programs. However, most of them do not have an accelerated feature.

It may cost you about $662 cost per unit to earn the 1 year Masters degree online in accounting from California University

5. University of North Texas’ Quickest Online Master of Education Degree Program in Educational Leadership

This university is located in Denton, Texas. And, it offers accelerated programs such as Master of Education degree in Educational Leadership. By accelerated, this means it has a flexible online study program that allows students to decide when to finish their coursework.

While other masters degree programs online may take so long to finish, master of education degree in educational leadership may be obtained within a year. However, to achieve this feat, students must complete the10 education Admin courses. This is actually a 30-hour M.ed. program that inspires you with new ideas and open doors to opportunities.

The masters degree online program emphasizes current theory and research to inform educational leaders as they make decisions regarding positive school culture, effective teaching practices, and student achievement.

Interestingly, this quick masters degree online program is accredited by the National Council of Accreditation of Teacher Education (NCATE). Basically, the masters degree online program in educational leadership is for graduate students who seek to take on leadership roles in the educational system in schools or school districts. 

To obtain this degree, you will pay a tuition of about $13.1K. Students who completed their course work and obtained this degree are mostly employed by the following

Bay Area Trauma Education Consortium
International Leadership of Texas
Richardson Independent School District
Dallas Independent School District
Idea Public Schools

6. Benedictine University’s Fastest Online MBA

Founded in 1887, this Catholic University has two campuses. One in Lisle, the other in Arizona. It offers a quick masters degree online in Business Administration. Unlike its other masters degree programs that may last as long as 22 months, Benedictine MBA is accelerated and designed in a way that students can complete coursework within 12 months of commencement.

However, students who seek to attain this must take two classes for each session. This is however open to only students who hold a related degree.

Basically, this quick masters program will teach students foundation courses for businesses alongside critical analysis and essential decision-making processes. Upon completion, students will move into high-level leadership roles.

This is because the course offers a flexible coursework schedule that equips students to lead organizations through the challenges of the 21st-century business.

Interestingly, this 1-year quick masters degree program online allows students to chose an elective area. That is to say, students may decide to pay more attention to one or more of the elective areas below.

  • Marketing Management: Explore digital marketing, branding, advertising, public relations, and global markets. Gain the tools to develop an integrated marketing strategy.
  • International Business: As global companies expand internationally, learn how to do business with companies and people from other countries and cultures.
  • Finance: Explore how to analyze and interpret financial information from a managerial perspective, assessing stability and profitability and improving financial performance.
  • Entrepreneurship: Learn how to realize your dreams of business ownership with a firm grasp on strategy and hands-on learning under your instructor’s direct supervision.
  • Accounting: Examine accounting theory and best practices so you can help organizations stay vigilant about proper accounting records and financial reports.
  • Healthcare Administration: Apply the strategic and analytical capabilities of business administration to the ever-changing, ever-growing industry of health care.

7. Ball State University’s Online Accelerated MA in Educational Psychology Degree

Located in Indiana, Ball state university offers accelerated learning programs online in the fields of learning and human development. Generally, Ball State has experience and best practices in online education to ensure top-quality courses wherever you’re based. In fact, to assure quality, courses are taught by the same recognized faculty who teach on campus.

One of Ball state university accelreated programs is the Masters of Arts in edcational Psycholog. This is purely an o nline masters degree program deisgned to be completed within 18 months. However, the accelerated feature creates a flexible learningn schedule which allows students to complete t the course within one year if they a fuul load each term.

Actually, students who are desirous to obtain a quick masters degree in educational psychology should consider this online masters degree program. However, such student must note that he/she must employ extra work. The program offers 30 credits of which 12 out of it remains elective.

This program is available for students who are professionals in education, human services, and business to enable them to advance their careers. Also, students who intend to pursue a PhD in education or psychology-related fields may also enroll.

In a nutshell, this program will equip every student with the foundation applicable in their relevant fields and is delivered in a way that allows you to make more money. In summary, obtaining this certificate from Balls State university may cost about $4, 007 plus $25 per credit.

8. University of Texas’ Accelerated Master of Public Administration Online Degree Programs

This university offers over 700 web courses. However, it has accelerated online masters degree programs for students who wish to study at a faster pace. Normally, the Master of Public Administration takes 24 months to complete with 39 credit hours. However, students may twerk this by taking up a full credit load each semester.

With this, students may complete the program as early as 1 year or a few months after depending on the student’s determination and effort. Well, obtaining this degree from the accelerated program may cost students as much as $16,000.

9. Concordia University – Chicago’s Online Accelerated MBA or MEd Degree Programs

Concordia university offers qite a number of masters degree programs. However, some of them like the Master of Business administration and Master of Education can be accelerated.

This simply means, depending on the determination of a student, this online masters degree may be fast-tracked and completed within a year.

However, the student should note that this means taking up full credit load every semester. It could be demanding but if you are looking at obtaining a quick masters degree, then, you should be willing to pay the price.

Basically, the program is designed for service educators and focuses on the principles of a servant and ethical leadership, organizational change, global awareness, critical thinking, decision making, and financial modeling.

In summary, the accelerated MBA program is a 36 credit hour and cost $555 per credit.

10. Philadelphia University’s (Jefferson University) – Online Accelerated MBA Degree Program

Philadelphia University offers 8-week programs for students who’d want to earn their degrees in the least time possible. There are quite a number of Masters degree online programs offered by the university.

However, its accelerated and quick masters degree program is available in Accounting, business management, law enforcement leadership, professional communications, behavioral and health sciences.

The quick online MBA program offers a concentration in Business analytics and strategic Design Thinking. Well, only students who have post-undergraduate work experience are eligible got this online program.

Jefferson’s online Innovation MBA (iMBA) program provides the intellectual tools to interpret current issues for multinational firms, such as foreign exchange markets and associated risk, portfolio effects of capital markets and more.

The iMBA online program will also teach students to effectively analyze venture opportunities and create viable and practical business plans.

In summary, this 36 credit hour masters degree online costs $750 per credit hour.

best online masters programs

RankSchoolAnnual TuitionROI Score
# 1Fordham University$47,78897.0%
# 2University of California – Berkeley$26,81796.9%
# 3Northwestern University$19,37390.7%
# 4Columbia University in the City of New York$34,91585.2%
# 5Johns Hopkins University $28,50584.9%
# 6California State University-Northridge $13,95084.1%
# 7George Mason University $13,30583.1%
# 8St. John’s University $22,18581.4%
# 9University of Maryland – College Park$13,92081.2%
# 10Seton Hall University $20,57680.2%
# 11Virginia Polytechnic Institute and State University$16,57578.5%
# 12University of Washington – Seattle$26,50578.4%
# 13Duke University$20,50077.9%
# 14Saint Joseph’s University$14,32877.3%
# 15Norwich University$17,25677.2%
# 16University of Massachusetts – Amherst$21,54576.5%
# 17National University$10,16676.3%
# 18Georgia Institute of Technology$16,50074.9%
# 19University of Michigan-Flint$15,77672.7%
# 20Washington State University$9,14772.6%
# 21Mercy College$16,68672.2%
# 22California State University-Dominguez Hills$7,17671.1%
# 23Purdue University – Main Campus $20,73070.5%
# 24Boston University$56,85469.4%

which country offers the cheapest masters degree?

Believe it or not, it is indeed possible to study abroad on a budget! Some of the best places to study abroad are also ones where tuition fees are low, or even non-existent. Read on to find out more about 10 of the cheapest countries to study abroad, in no particular order…

1. Norway

Although all of the Nordic countries are relatively affordable study destinations, Norway is our pick as it remains free for everyone, from both within and outside the EU, at public universities, with the exception of a few specialized programs. Europe’s Nordic countries are known for their high quality of life and stunning natural beauty, and Norway is no exception. Another reason to study in Norway is the availability of English-taught programs at all study levels, plus a high number of locals proficient in English. However, as with the other Nordic countries, Norway comes with a high price tag in terms of living costs; you’ll need around NOK 139,680 (~US$17,200) per year.

2. Taiwan

Heading to AsiaTaiwan is another of the cheapest countries to study abroad. For example, at National Taiwan University – the nation’s leading university at 72nd in the QS World University Rankings® 2019 – tuition fees for undergraduates start at TW$100,920 (~US$3,300) per year for liberal arts programs, up to TW$124,200 (~US$4,050). The country offers more than 120 courses taught in English, at over 40 universities, and Taiwan is also a popular destination in which to learn Mandarin. Taiwan also offers a good quality of life with relatively low living costs; accommodation costs as little as TW$88,000 (~US$2,900) per year.

3. Germany

Known as ‘the land of ideas’, Germany is continuing to grow in popularity with international students, and it’s not hard to see why – it offers reputable universities, relatively low costs, and a high quality of life. There are no tuition fees charged at undergraduate and PhD level at all public universities, excluding those in Baden-Württemberg. Master’s students who have not studied their undergraduate degree in Germany will typically pay upwards of €20,000 (~US$23,450) per year, but you may be able to find a scholarship to help. To cover living costs, you’ll need at least €10,200 (~US$11,950) per year, but possibly more, depending on your lifestyle, location and spending habits. And there are a range of English-taught courses, particularly at graduate level.

4. France

Tuition fees in France are the same for domestic and international students, and for 2019/19 are set at €170 (~US$200) per year for bachelor’s (licence) programs, €243 (~US$285) for most master’s programs, and €380 (~US$445) for doctoral programs. Fees are considerably higher at the highly selective grandes écoles and grands établissements, which set their own fees. Living expenses will be highest in the capital, Paris, but you may find it worth the extra cost – after all, Paris was named the world’s number one student city four times in a row (and currently stands at fifth).  If you’re not yet a fluent French speaker, you can study in France in English, with the majority of English-taught programs found at postgraduate level.

5. Mexico

Full of interesting and unique culture to explore, Mexico is one of Latin America’s most-visited nations, and has lots to offer international students. Tuition fees vary, with private universities charging more, and average around US$6,300 per year for international undergraduate students in the capital, Mexico City, which was named one of the world’s top 100 cities for students. Living expenses are also reasonably low in Mexico, with all living costs adding up to around US$9,250 on a standard budget in the capital, or US$6,450 elsewhere. Although the main language of instruction is Spanish, Mexican universities are offering more English-taught courses to attract international students.

6. India

Heading back to Asia for the next of our list of the cheapest countries to study abroad, India is a fantastic option for students who want to combine affordability with cultural diversity. While Hindi is the most prominent of the 100+ languages spoken, English is often used as the language of instruction at Indian universities, especially at postgraduate level. Living costs are incredibly affordable; a one-way trip using public transport can cost as little as the equivalent of 29 US cents. Tuition fees vary depending on your study level and university, but are typically no higher than US$7,880 a year, and you should be able to live comfortably on as little as US$4,600 a year.

7. Argentina

The second-largest country in South America, Argentina boasts stunning natural beauty, with a diverse geography that makes it ideal for students keen on outdoor adventure and exploration. Argentina is also considered one of the safest countries in the region and is known for its fun-loving culture and passionate national identity. You can typically study for free at any state-funded (public) university, with tuition fees of around US$5,100 per year or more at private institutions. You’ll need around US$5,000 for living expenses, with rent costing as little as US$350 per month.

8. Poland

Another of the best places to study abroad on a budget is Poland, which also offers a high quality of education, along with plenty of fantastic culture and history to explore. You can study for free if you can speak Polish, and if you take the same entrance exams as Polish students and study your course in Polish. However, there are also many English-taught programs available, costing around €2,000-3000 (~US$2,340-3,500) per year. Living costs are also on the low side, as you shouldn’t need more than €6,600 (~US$7,700) per year. The capital city, Warsaw, was ranked within the top 20 cities for affordability in the latest QS Best Student Cities index, and 53rd overall.

9. Malaysia

Malaysia is undoubtedly one of the cheapest countries to study abroad, particularly in terms of living costs. Its capital, Kuala Lumpur, came first for affordability in the QS Best Student Cities 2016, and most students will only need about MYR 14,400 (~US$3,550) per year to live comfortably in Malaysia. In terms of tuition fees, you’ll pay an average of US$4,000 per academic year, but some courses are even cheaper. Malaysia is also home to a number of branch campuses of international universities, such as the UK’s University of Nottingham or Australia’s Monash University, offering the opportunity to gain a degree accredited by these institutions at a lower cost.

10. South Africa

Concluding our look at some of the best places to study abroad on a budget, South Africa is renowned for its natural beauty, cultural diversity, and turbulent history. Another great choice for students with a love of the outdoors, it’s also reasonably inexpensive, with low costs of living and tuition fees. Fees vary, but come to an average of US$6,000 for international undergraduates studying at the University of Cape Town (South Africa’s highest-ranked university in the QS World University Rankings) and the University of the Western Cape. You’ll need around R 120,000 (~US$9,150) per year to cover your living costs.

Leave a Comment