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NEW YORK » Earning a degree online seems like a cheap, convenient way to expand professional skill sets. But do hiring managers take virtual educations seriously?
The stigma associated with taking classes over the Internet can be a nagging concern for those about to invest serious time and money to advance their careers. Such fears may be fueled by recently released federal data that suggests graduates of for-profit schools aren’t finding as much success in the job market. These schools, which are known for their online career education programs, had lower repayment rates for student loans, according to data released last month.
Here are some points to remember about online degrees.
The Virtual Elephant in the Room
Only about half of respondents to a Society for Human Resource Management survey this summer said online degrees are just as credible as traditional degrees. The human resource professionals also said online credentials were less acceptable for higher-level positions; just 15 percent said online degrees were acceptable for an executive position.
That said, keep in mind that this is a highly subjective area and that your schooling is just one factor that employers look at. The field of work you’re entering and a company’s culture will also influence how online degrees are regarded, notes Lynn Berger, a career counselor in New York City.
"It may be that the person interviewing you got their degree online too," Berger said.
The matter may not be as big a concern if your online degree is from a traditional college. The same is true if you earned your degree from a school that isn’t widely known as a provider of online education.
The Cost is Anything But Virtual
A common assumption is that online schooling will be cheap. That assumption is wrong.
At the University of Phoenix, one of the most well-known for-profit schools, each credit for a master’s in business administration costs $685. So earning the 36 credits required for the degree would cost a total of $24,660, not including application and other fees.
But keep in mind that for-profit schools don’t have a monopoly on Internet courses. The majority of community colleges and four-year public schools now offer at least some online courses as well, according to data from the National Center for Education Statistics.
With loan repayment rates at for-profit schools a hot topic right now, it should be noted that the majority of students at community colleges do not have student loans upon graduation. Of those that do, the average debt is $10,000. By comparison, nearly all graduates of for-profit schools have student loans and the average debt is $17,000, according to The Project on Student Debt.
Picking a For-Profit Program
A few points to keep in mind if you’re considering a for-profit school. To start, check that the school is accredited at www.ope.ed.gov/accreditation. You can also check the site of the Council for Higher Education Accreditation at www.chea.org.
Even if a school is accredited, be wary of aggressive sales tactics or reluctance to disclose information about pricing. Recent undercover tests by the Government Accountability Office found some for-profit schools used deceptive recruiting tactics and encouraged applicants to falsify financial aid forms.
For-profit schools also tend to do a lot of hand-holding through the application process to make it easy for students to enroll. Don’t let this prevent you from shopping around for other options, rather than signing up for the first school you see advertised on TV.
Candice Choi writes about consumer issues for The Associated Press. Write to her at cchoi@ap.org.
