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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.

A traditional college course lasts 16 weeks, but an accelerated bachelor's program compresses courses into shorter five, eight or 10 week sessions. You literally earn your degree faster by studying faster. You take just as many courses to complete an accelerated bachelor's degree as a traditional degree.

There are several reasons why online bachelor's degrees are increasingly becoming accepted, including the number of students taking online courses. At the same time, acceptance of the degrees by employers is becoming more common.

Online Bachelor's in Engineering Degrees.  Some colleges offer dual degree programs that enable the student to earn both a bachelor's degree and a master's degree. These types of programs can generally be completed in five or six years.

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.

Online education is no longer the future. Unlike a decade ago, employers no longer automatically perceive online degrees or distance education as inferior or second class. Online degrees are gaining respect. As a result, there is no need to reveal in a cover letter or resume that you earned your degree online.