In searching for an online Master of Business Administration program, one of the first things prospective students want to know is how much it will cost. In the last 20 years, tuition costs have ballooned 157 percent at U.S. private universities and 237 percent at U.S. public universities.
The good news is that Texans do not have to look far to find an affordable MBA program. Better yet, those who enroll in an online program will see additional savings from skipping the commute to a college campus for classes.
What Is the Average Cost of an Online MBA?
The price tag for an online MBA ranges anywhere from $7K to upwards of $120K.
The average graduate tuition and required fees in 2015 to 2016 for postsecondary institutions was $17.9K per year, according to the National Center for Education Statistics. The average cost is $11.3K per year for state schools and $24K per year for private schools. Graduate programs typically take two years to complete, placing the cost of the degree at $22.6K for state universities and $48K for private universities.
Online classes are exempt from on-campus facility fees. Students with parenting duties can study at their convenience and save on the childcare costs incurred in attending on-campus programs. When you enroll in an online MBA program, you mainly pay for the classes and books and little else.
Affordable Online MBA Program in Texas
The in-state tuition for the online MBA program at Texas A&M International University is $10K for the entire program. Earning an MBA at other major public universities in Texas can cost up to $52K for the two-year program and does not include commuting expenses or childcare.
TAMIU offers four online MBA programs:
- MBA in Management
- MBA in International Banking and Finance
- MBA In International Business
- MBA in International Trade and Logistics
The tuition for each is $10K for the full program. TAMIU's 100 percent online MBA program is accredited by the Association to Advance Collegiate Schools of Business (AACSB).
Hazlewood Act for Qualified Veterans and Their Family Members
Another savings option for Texas residents is the Hazlewood Act, which provides veterans and their spouses and dependent children with up to 150 hours of tuition exemption at higher education institutions in Texas.
Although multiple family members can receive a tuition exemption, they cannot claim it at the same time. It cannot be used at a private college or by a child who is 26 or older on the first day of the term.
For example, if a veteran's 24-year-old son enrolls in a public university in Texas and completes 60 hours of classes under the Hazlewood Act, the veteran's family has 90 hours remaining for tuition exemption.
Learn more about Texas A&M International University's online MBA programs.
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