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Financial Aid for Online Programs: What to Expect Emma Kerr © (Getty Images) Young man sitting on sofa and watching something on laptop, his pet dog is with him For prospective students considering online college programs, cost may be a concern. An old but lingering misconception is that financial aid for online degree programs is limited compared with in-person programs. But in fact, colleges structure the financial aid process for online students identically to that of their in-person peers. The share of students enrolled in any distance learning course rose significantly from fall 2012 to fall 2018, and 14% of all undergraduates were enrolled exclusively in online classes in 2018, according to the College Board s Trends in College Pricing and Student Aid 2020 report. These online learners can take advantage of federal, state and institutional financial aid, which can come in the form of merit- or need-based scholarships.

Michelle campbellDonna kolbDepartment of educationUniversity of floridaCollege board trends in pricingEmpire state collegeUniversity of maryland global campusFinancial aid officeUs department of educationGetty imagesCollege boardCollege pricingStudent aidStudents learningState collegeAccredited postsecondary institutions