The Increasing Cost of Tuition in the Last Few Decades Has Created a Financial Burden on Many Students and their Families around the World. For instance, in the US statistics indicate that the amount of student loans taken has Money Worth More than this World’s Present Debt with Your International – No Scam – Loans of Trillion Dollars while the cost of university education has grown by 213 percent from 1988 which is difference of more than inflation rates. Online Courses Are Making Education More Affordable.
Hence, the aspiration towards education their families has turned out to be quite an expensive investment for the most and in particular for the bread earners capable of supporting education of one or two family members. In This Situation, Cheaper Education Has Crystallized in the Form of E-Learning.
Online Courses Are Making Education More Affordable.
Enrolment in online courses, mainly Massive Open Online Courses has disrupted the conventional. Education system by being an affordable substitution of physically attending colleges and universities. So, the influence of online education towards affordability cannot be specified to the issue of low tuition charges only. This paper will examine one of the contemporary phenomena in the education sector. the growth of online courses, and how we can profit from them to make education less costly for students. what means do they employ in this regard and where do these courses expand education?
1. Decreased charges for online courses
There is no cultivation of physical classes, hostels, or any kind of campus activities. A good number of them have even reported lower cost per credit hour, than for in-house classes.
In some other scenarios, this can lead to saving porpuses of even tens of thousands of dollars throughout the degree.
2. Learning methods
Online Courses Are Making Education More Affordable.
Because the most noticeable feature of online courses is their flexibility.The same flexibility means that students can also work while in school, which greatly reduces the cost of education.
Balancing between Work and School
Because Take for instance students who have registered for an online course in business management, marketing, or computing.
Incorporating Aversive Relocation Costs
These costs can very easily amount to thousands of dollars per year.
This helps reduce the cost for students who cannot afford to stay in such high end cities.
Decreased Commuting and Transport Means Cost
They may also have to pay off a car if they reside too far close to the university.
So Students are able to take their lessons wherever there is internet connection thus evading the expense of travelling every day.
Open Educational Resources (OER)
Open Educational Resources (OER) are any resources for teaching and learning made free for use and re-use by everyone.
Focused Skill Development
Coursera, edX, and LinkedIn Learning have certification programs and micro-degree courses in the areas of data sciences, digital marketing, programming, artificial intelligence, and medicine, among others. These programs aim at skill sets that are highly sought after and help students gain a valid credential for employment.Online Courses Are Making Education More Affordable.
Conclusion
The growth of e-learning has been advantageous in solving the problem of accessibility and affordability of education. Thanks to the internet, where education is now becoming more unimpeded and inexpensive, millions of students all over the globe are now able to seek tertiary education and career enhancements, unlike but when getting a degree was primarily for the rich. Online Courses Are Making Education More Affordable.
