Key Takeaways
- In fall 2022, approximately 5.8 million undergraduate students in the US were enrolled exclusively in distance education courses, representing about 28% of total undergraduate enrollment
- Global online higher education market size was valued at USD 197.8 billion in 2022 and is projected to grow at a CAGR of 21.6% from 2023 to 2030
- US online college enrollment grew by 7.6% year-over-year in 2023, reaching over 6.2 million students across all degree levels
- The six-year graduation rate for full-time, first-time students pursuing bachelor’s degrees at Title IV institutions who began in fall 2016 was 64% at public institutions, 68% at private nonprofit institutions, and 29% at private for-profit institutions for those enrolled exclusively online
- Online students have a 15-20% lower completion rate compared to on-campus peers, with only 45% finishing associate degrees within 150% time
- Retention rates for first-year online undergraduates dropped to 52% in 2021, versus 69% for in-person
- The average cost of an online bachelor’s degree in the US is $38,496, compared to $102,050 for on-campus private nonprofit
- Online master’s degrees cost 20-30% less than traditional, averaging $25,000 vs $35,000
- Public online undergrad tuition averages $13,000 per year, vs $27,000 on-campus out-of-state
- 38% of US college students are 25-34 years old, with 60% of them pursuing online degrees
- Women comprise 57% of online higher education enrollees globally in 2023
- 45% of online students are first-generation college attendees
- 75% of online grads report career advancement within 1 year
- Employers view online degrees as equal to traditional for 71% of hiring managers in 2023
- Online bachelor’s holders earn median $60,000 starting salary, 5% above campus peers
Online degrees are rapidly expanding worldwide, with enrollment and market value skyrocketing.
Completion and Retention Rates
Completion and Retention Rates Interpretation
Cost and Financial Aspects
Cost and Financial Aspects Interpretation
Employment Outcomes and Perceptions
Employment Outcomes and Perceptions Interpretation
Market Growth and Enrollment
Market Growth and Enrollment Interpretation
Student Demographics and Satisfaction
Student Demographics and Satisfaction Interpretation
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