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Best Online Master's Programs
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As online education continues to evolve, many students are considering master's programs that offer flexibility and solid outcomes. These programs cater to those balancing work and personal commitments while pursuing advanced degrees. With an average earning potential of $60,255, the right online master's program can significantly impact your financial future.
What sets the top schools apart in this ranking is not just the promise of a degree but the tangible results that follow. We're looking at graduation rates, average earnings, and student debt levels to provide a clearer picture. For instance, nearly 81% of graduates from the University of Florida-Online report good earnings, while Western Governors University has a graduation rate of just 48%. These metrics are crucial for understanding the value of your investment in an online master's program.
Consider the contrast between two schools on this list: Embry-Riddle Aeronautical University-Worldwide and Arizona State University Digital Immersion. Embry-Riddle graduates earn an impressive $84,131 but have a low graduation rate of 21%. On the other hand, Arizona State offers a decent earning potential of $62,668, but only 29% of students complete their degree. This disparity highlights the trade-offs students may face when choosing a program, making it vital to examine these factors closely.
Key Findings
University of Florida-Online graduates earn an average of $71,588.
Western Governors University has a graduation rate of 48%.
Embry-Riddle's graduates have an average debt of $23,666.
The average graduation rate across these top programs is 35%.
Quick Numbers
Earnings vs. Cost
Each dot is a ranked school. Up = higher earnings. Right = higher cost. Top-left is the best value.
Graduation Rates
Longer bars = higher graduation rate.
Top 3
University of Florida-Online
Gainesville, FL
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Western Governors University
Salt Lake City, UT
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Embry-Riddle Aeronautical University-Worldwide
Daytona Beach, FL
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Full Rankings
University of Florida-Online
Gainesville, FL · 4,627 students · Public
Western Governors University
Salt Lake City, UT · 155,088 students · Private nonprofit
Embry-Riddle Aeronautical University-Worldwide
Daytona Beach, FL · 9,139 students · Private nonprofit
Arizona State University Digital Immersion
Scottsdale, AZ · 53,782 students · Public
University of New Hampshire College of Professional Studies Online
Manchester, NH · 1,157 students · Public
University of Arkansas Grantham
LIttle Rock, AR · 2,833 students · Public
University of Maryland Global Campus
Adelphi, MD · 49,664 students · Public
Touro University Worldwide
Los Alamitos, CA · 454 students · Private nonprofit
Northwest University-Center for Online and Extended Education
Kirkland, WA · 405 students · Private nonprofit
Bryant & Stratton College-Online
Orchard Park, NY · 8,841 students · Private nonprofit
Los Angeles Pacific University
San Dimas, CA · 1,483 students · Private nonprofit
Looking at the data, a clear pattern emerges between the University of Florida-Online and Embry-Riddle Aeronautical University-Worldwide. While Florida-Online boasts a graduation rate of 81% and an average earning of $71,588, Embry-Riddle's low graduation rate of 21% is concerning, despite its higher earning potential of $84,131. This indicates that a high earning potential doesn't always correlate with a strong completion rate, something prospective students should weigh carefully.
After reviewing the schools, it's essential to reflect on your priorities. Consider how factors like location, specific program fit, and financial circumstances influence your decision. For example, if you prioritize a higher graduation rate and lower debt, the University of Florida-Online might be a better fit compared to others with lower completion rates and higher debt burdens.
The path from college to a stable life can be significantly affected by these decisions. A family deciding on an online master's program must weigh the potential return on investment against the realities of student debt and completion rates. Choosing the right program can lead to better financial stability and career opportunities, underscoring the importance of informed decision-making in education.
Data Sources
U.S. Dept of Education College Scorecard
Opportunity Insights Mobility Report Card
Social Capital Atlas
Times Higher Education World Rankings
NCES IPEDS
Sources & Citations
David Krug
Co-Founder, CollegeRanker
David Krug is the co-founder of CollegeRanker and a data systems architect focused on making institutional research accessible to families. He builds the data pipelines and ranking algorithms that power CollegeRanker, drawing from federal datasets and Raj Chetty's Opportunity Insights research to measure what traditional rankings ignore: whether a college actually changes a family's economic trajectory.
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