This university is offering a master’s degree for only $7,000!

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This university is offering a master’s degree for only $7,000!
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We can all agree that $7,000 is a lot of money, but what if we told you that a well-respected university is offering a master’s degree for that price? Sounds like a pretty good bargain! 

Atlanta-based Georgia Tech has a low-cost master’s in computer science program that’s 100% online.

A master’s degree for $7,000!?!

Read more: Easy way to cut the cost of your bachelor’s degree in half

Clark first talked about this option a few years ago, but there’s been a lot of buzz about it recently because it seems to be working out very well.  

The program has received about 8,000 applications and enrolled more than 3,000 students in the past two years, Georgia Tech said on its website. And they’re working their way toward the same degree as students who pay to attend on-campus.

Through its “mass online” format, Georgia Tech is able to keep costs down, charging $510 for every 3-credit hour course.

According to the New York Times, tuition for a 30-credit master’s in computer science from the University of Southern California will cost $57,000. The $7,000 degree from Georgia Tech is less than one-eighth of that price.

Read more: 11 best ways to find a college scholarship

Another upside to online education is that it’s more convenient for older students because it allows them to work on their own time, in their own homes and while continuing to hold down a full-time job.

The “mass online” format has exploded in popularity recently. If you want to take just a class or two, there are plenty of free online university courses to choose from. However, unlike the Georgia Tech program, they’re typically non-credit classes. 

Read more: Where to take free online courses

When Clark mentioned this on the radio show earlier, he took a step back and talked about reducing the cost of a bachelor’s degree. If you’re worried about student loan debt, he suggests spending two years at a community college before transferring to a four-year school. The money you save during those first two years could open up even more choices for your junior and senior year. 

Read more: Everything you need to know about student loans

Common Cents: 3 rules of student loan borrowing

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Michael Timmermann paid off his mortgage in two years. Now, he shares his money-saving tips on his blog, MichaelSaves.com.
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