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As a full-time undergrad and graduate student, I never paid attention to all of the fees tacked onto a single class. Each university online course cost around $300 or$400 per credit hour. On top of that, several classes had application fees in the$30-$50 range.

Traditional universities offer accredited online PhD programs ranging from healthcare to education to business to computer science. In virtually all cases, the academic requirements and length of PhD programs online are no different than the on-campus versions. Most of these programs require students to visit campus at least several times over the

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.

Employers said such factors as the accreditation of the college or university, the quality of its graduates and the name of the institution awarding the degree were among other things they considered to make an online degree more credible. Not all employers feel the same way, however.

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.

While college and university have come to mean the same thing colloquially, they actually refer to two very different institutions: College is typically a smaller, goal-oriented institution that offers only undergraduate programs. For example, WilliamsCollege, Amherst College, etc.