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While online degrees are new to many, accreditation provides the backing needed to prove that your degree is legitimate. Potential employers and higher education institutions will recognize your degree (even if it still confuses Aunt Margie) and it will open doors for your future.

That figure does not include student fees. The 10 online bachelor's degree programs that had the lowest in-state tuition charged an average of $111 per credit, with an average total cost of about $13,420.

Colleges and universities that offer online degree programs typically will be cheaper than going to a traditional brick-and-mortar university for a variety of reasons. For many schools that solely specialize in offering online degrees, they have fewer expenses to incur.