Financial Aid and Scholarships for Online Master’s Degrees

Online master’s programs often cost less than on-campus alternatives. You’ll save money and time on commuting and finding parking, and even more money with financial aid and scholarships, which cover online degree programs.

Most students obtain online master’s degrees in education, finance and accounting, health care and nursing, social work, computer science, marketing, business administration (MBA), engineering, psychology, criminal justice, and public policy.

How Can Students Apply and Enroll?

Each university and department will have specific requirements needed to get you enrolled. The general items are undergraduate GPA, GRE or GMAT test scores, and letters of recommendation. Some schools and programs may not require GRE or GMAT scores.


Why Enroll in an Online Master’s Degree?

Online master’s degree programs offer flexibility in pursuing your degree. Programs complement your existing responsibilities, so you can work, take care of your family, and learn at your own pace. You’ll still be able to network and build lifelong career networks with professors, faculty, alums, and peers as you would if you enrolled in person. Here are the top three reasons out of eight to consider an online master’s degree.

Spend Less on Education With High Returns

An online master’s can reduce commuting and on-campus amenity fees, such as fitness facilities and campus security. Since most online programs cost less, you can get a better return on online degrees through greater career opportunities, higher earnings, and job promotions.

Learn at Your Pace

It typically takes two years to complete a master’s degree. Online classes are usually self-paced, and many online master’s programs have accelerated options that take one year or six months to complete. You can also pursue online degrees on a part-time or full-time basis.

Employers Accept Online Degrees

Since the COVID-19 pandemic, employers widely accept remote work and online learning. Many online master’s degrees are accredited programs, which means they meet the quality standards of one or more of the six regional accreditation institutions in the U.S.


Is a GMAT or GRE Necessary to Enroll in an Online Master’s Program?

Some online master’s degree programs do not require test scores from the Graduate Record Examination (GRE) or the Graduate Management Admission Test (GMAT). However, online universities may request other admission requirements instead of the GRE or GMAT.

Online Master’s Program

Each student will have different needs. So, let’s take the guesswork out of finding your online master’s degree program and the schools that offer them. We’ve done the research and compiled it into easily digestible rankings to help you with your search. If you’re interested in how we rank programs and schools, take a look at our methodology page.

Explore our comprehensive ranking lists of online master’s programs and universities below.

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