Now more than ever, your educational achievement has never been more important. In fact, it has become a barometer for career advancement. A doctorate degree is an investment, as it guarantees you to get ahead professionally and be paid handsomely. The basic online PhD degree cost will have you spending a considerable amount for but it will boost your chances of landing an outstanding, thriving career. But one can’t help but ask if the prevailing online PhD program cost is worth its promise.

In 2016, universities in the United States awarded nearly 60,000 doctorate degrees. This number has been on a steady rise in recent years and, with the influx of distance learning opportunities for doctorate programs, statistical projections point to even more Ph.D. students and graduates.

Online Ph.D. programs mean accessibility and convenience. They are offered by at least 200 accredited schools all over the United States in various disciplines. Cost-wise, online Ph.D. programs are significantly less expensive than conventional on-campus programs, Typically, a program is estimated to cost a minimum of $4,000 to up to $20,000 a year, inclusive of tuition, book expenses, online registration, and coaching. Attending an online school also saves you transportation costs. This is in stark contrast to doctorate degrees offered in universities that cost almost twice as much, ranging from $30,000 to $40,000 annually.

That said, the cost of an online doctorate degree varies depending on your program of choice and the number of years required for completion. A Ph.D. in Business Management is one of the most sought-after online degree programs. This may be so because it is available in more than 400 accredited online schools with an annual tuition ranging from $11,000 to $20,000.

As online degrees have become a rising trend, you will find several opportunities that are rather affordable. Do your research and ask around for accredited online doctorate programs that are offered for less. Registering in online schools is an effective cost-saving approach that will keep you from amassing more student loans than you can handle.

Regardless of the discipline or field of study you choose, your capacity to pay for tuition and other costs (or the lack of it) is an important consideration for pursuing a Ph.D. degree. It is important that you at least have your estimates to make informed decisions as you prepare yourself financially for it.

Do not get stuck paying for student loans for your lifetime. Find affordable but reputable online doctorate degree programs and figure out ways to become financially capable to pursue yours.