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| How Can You Pay for Online Degrees | Perhaps, you've decided to take the plunge and enroll in an online distance-learning program. You know what type of degree you want to get. Even you've got your paperwork all together. You're just about set. Still there's one more looming issue. That is how you are going to pay for it.
Everyone knows that college prices have grew in the past couple of decades. Online school subjects are on  the same financial realities as bricks-and-mortar institutions. Students of distance-learning should be prepared to take at least some debt.
Your degree is an investment that will certainly pay off down the line. It won't come cheaply. A sampling of the tuition charged by leading online-degree schools shows quarterly costs ranging from $300 to $500 per credit hour. It means that getting that MBA or master's in education could cost approximately from $15,000 to $30,000 or more.
But there is some good news. Federally guaranteed loans with reasonable interest rates are available for online degree programs. It is like they are for traditional campus-based degrees. Congress passed a bill that makes such financial aid available for students at all accredited online schools. The so-called "50-50 Rule" requires such colleges to host at least half their courses. Also it requires half of their students at a physical campus to be eligible for federal money.
"The 50-50 Rule" was passed in 1992 to solve the problem of fraud in the correspondence course business. "There are no problems anymore with the rise of the Internet and the strict accreditation processes is in place now ".
There is no need to change anything in law at Capella. Also the same situation is at several other schools. Since 1998 the select group of online institutions has been a part of U.S. Department of Education. That is a pilot program that waived the 50-50 requirement. The trial effort was deemed a success. So the rule has now been lifted across the board.
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