How much does it cost to get a bachelor’s degree?
By: Ashley Kimler, Edited by: Emma Breitman
Published: May 19, 2025
Wondering how much a bachelor's degree will really cost you? The price tag varies depending on where you study and how you pay for it. Keep reading to explore the costs, financing options, and tips to make the most of your investment in your education.
How much does a bachelor's degree cost?
The cost of a bachelor's degree depends on several factors.
According to the National Center for Education Statistics (NCES), during the 2022-23 school year the average tuition and fees of a bachelor's degree for full-time students living on campus was $27,100 per year at public institutions and $58,600 at private nonprofit institutions.
Beyond tuition, students often face additional costs for:
- Books
- Supplies
- Housing
- Meals
- Transportation
- Other fees
These can add thousands of dollars to the total cost each year.
Many students qualify for financial aid through scholarships, grants, and federal student loans, which can significantly reduce out-of-pocket costs.
Online bachelor's degree programs tend to cost less than traditional campus-based programs, especially when you factor in the savings on commuting and living expenses.
Paying for an online bachelor's degree
Financing an online bachelor's degree can be more affordable, thanks to various options. Below are some common ways to pay for your degree.
Scholarships
Scholarships are merit-based or need-based awards that do not require repayment. Many are offered by schools, private organizations, and companies. Be sure to research scholarships specific to your field of study or location to help lower the cost of your degree.
Federal student aid
You can apply for federal student aid using the Free Application for Federal Student Aid (FAFSA) which can qualify you for grants, work-study, and federal loans. There are also federal financial aid options available for specific groups like veterans and international students.
Grants and work-study options do not require repayment, however loans do.
Private student loans
Private student loans can cover additional education costs when federal aid isn't enough. These loans may have higher interest rates and stricter terms than federal loans, so it's important to compare options carefully to find the best deal.
Employer tuition assistance
Some employers offer tuition assistance or reimbursement programs to help cover the cost of your online degree. Check with your employer to see if they provide funding for continuing education and how to apply for assistance, which may help reduce your out-of-pocket expenses.