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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. ....

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