Skirt Student Debt Surge: Elearning Site Poses Online College Education Options

Share Article

According to the National Center for Education Statistics, students dish out an average of nearly $30,000 and have average credit card balances of over $2,000. Many of the online college education programs listed on may help relieve financial pressure for students. ( connects prospective students with hundreds of postsecondary schools, giving students the option of an on-campus education or a distance learning degree.

USA Today's recent report of students struggling with increasing debt may make online bachelor programs more attractive to students. An online college education may not only avoid high student debt, but it may also lessen the anxiety students suffer because of financial pressure and prevent many students from an unnecessary change in career plans. ( a one-stop online education tool for campus-based or online degree programs, lists elearning programs that may help students skirt growing debt.

According to a report released November 20, 2006, USA Today and Experian credit reporting agency found two-thirds of college students carry some debt and that debt has increased in the past five years. Every type of college student debt has risen, including credit cards, tuition and fees, personal loans, and living expenses. Experian's study found the total debt for people ages 22 to 29 is $16,120 as of Aug. 1--up 10 percent from five years ago. The National Center for Education Statistics reports that undergraduate students average $30,000 debt in school expenses, and Nellie Mae maintains credit card outstanding balance averages totaled more than $2,000 for undergraduate college students.

In an interview with CBS News, AOL adviser Regina Lewis says elearning can cut non-tuition related costs, "Tuition for online programs is usually comparable to traditional on-campus programs." Lewis adds, "Students have the ability to keep their day jobs, avoid room and board, plus save on transportation expenses."

According to the National Endowment for Financial Education (NEFE), 60 percent of twenty-somethings feel they're facing tougher financial pressures than young people did in previous generations, and 30 percent say they worry frequently about their debt. This worry seems warranted as a college education continues to be a competitive tool for professional advancement. According to the U.S. Department of Labor, about 90 percent of the fastest-growing jobs of the future will require some postsecondary education or training.

Twenty-two percent of students surveyed in the USA Today student debt report say they've taken a job they normally wouldn't have in order to have more money to pay off student debt. Online college education programs offered on may help students avoid drastic career changes and gain more financial freedom ( is a one-stop education resource for online and campus degree programs. Students can easily research career-track programs in Business, Accounting, Marketing, Technology, Management, Education, Nursing, and more.


Share article on social media or email:

View article via:

Pdf Print

Contact Author

Visit website