2024 Most Affordable Online Masters in Psychology

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Higher education has become increasingly accessible thanks to the rise of online platforms. For students looking to advance their careers in the field of psychology without breaking the bank, an online master’s degree has become a viable option. However, with numerous institutions offering online degrees, finding the most affordable option that also guarantees a high-quality education can be a daunting task. This guide aims to simplify that search by highlighting the best affordable online master’s programs in psychology available today.

CollegeRanker is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Methodology

Data Collection

We began our search by compiling a list of accredited institutions offering online master’s degrees in psychology. Data was sourced from the National Center for Education Statistics, individual college websites, and other reputable higher education resources.

Criteria for Ranking

To determine the most affordable online master’s in psychology, we considered the following factors:

  1. Tuition Costs: We primarily focused on the average annual tuition fees for each program. Institutions that offered lower fees without compromising the quality of education were ranked higher.
  2. Accreditation: Only programs that are accredited by recognized accrediting bodies were considered. This ensures that the program meets certain standards of quality and that the degree will be recognized by employers and other institutions.
  3. Program Flexibility: Institutions that provided asynchronous learning, multiple starting dates, and a flexible curriculum were given preference. This is crucial for online learners who often balance work, family, and studies.
  4. Student Support: Online programs can sometimes leave students feeling isolated. Institutions that offered robust support systems, including tutoring, counseling, and technical assistance, ranked higher.
  5. Alumni Success: We looked at the success rate of graduates in terms of job placement, career advancement, and further studies. Institutions with a proven track record of alumni success received higher rankings.

About Our Ranking

Determining the best affordable online master’s program in psychology is not solely about the cost. The value of a degree is multifaceted and depends on several variables, including the quality of education, program flexibility, and support offered to students. Our ranking aims to provide a balanced view, taking into account not just affordability but also the overall value of the program.

In today’s competitive job market, an advanced degree is often a prerequisite for higher-level positions. A master’s degree in psychology can open doors to a variety of professions, from counseling and therapy to organizational development and research. The demand for trained professionals in the field of psychology continues to rise, making now the perfect time to invest in an advanced degree.

However, cost remains a significant barrier for many prospective students. With the rising student debt crisis, it’s more important than ever to find programs that are not only academically rigorous but also financially accessible. Online programs, with their inherent flexibility and typically lower operational costs, can offer a solution.

This guide is designed for students who are seeking a balance between quality and affordability. The institutions listed here offer excellent value for money, combining top-tier education with reasonable tuition fees.

By focusing on key criteria, such as accreditation, program flexibility, student support, and alumni success, we hope to provide prospective students with a comprehensive view of what to expect from each institution. This ensures that while the programs are affordable, they don’t compromise on the quality of education.

To future psychologists, therapists, researchers, and educators, this ranking serves as a starting point in your journey towards higher education. The field of psychology is vast, challenging, and constantly evolving. Equipped with the knowledge from a reputable and affordable institution, you’ll be well-prepared to make a positive impact on individuals, organizations, and societies at large.

1

Fort Hays State University

Graduate Tuition

$4,316

Location

Hays, Kansas

2

California Coast University

Graduate Tuition

$4,485

Location

Santa Ana , California

3

University of Central Missouri

Graduate Tuition

$5,488

Location

Warrensburg, Missouri

4

Aspen University

Graduate Tuition

$5,850

Location

Denver, Colorado

5

American Public University System

Graduate Tuition

$7,000

Location

Charles Town , West Virginia

6

Union College – KY

Graduate Tuition

$7,200

Location

Barbourville, Kentucky

7

University of Louisiana-Monroe

Graduate Tuition

$7,500

Location

Monroe, Louisiana

8

University of Nevada – Reno

Graduate Tuition

$7,525

Location

Reno, Nevada

9

Fayetteville State University

Graduate Tuition

$7,583

Location

Fayetteville, North Carolina

10

University of North Dakota

Graduate Tuition

$7,785

Location

Grand Forks , North Dakota

11

Adams State University

Graduate Tuition

$7,830

Location

Alamosa, Colorado

12

Indiana Institute of Technology

Graduate Tuition

$8,755

Location

Fort Wayne, Indiana

13

Touro University Worldwide

Graduate Tuition

$9,000

Location

Los Alamitos, California

14

Tiffin University

Graduate Tuition

$9,713

Location

Tiffin, Ohio

15

University of Idaho

Graduate Tuition

$9,876

Location

Moscow, Idaho

16

Western New Mexico University

Graduate Tuition

$10,334

Location

Silver City, New Mexico

17

Graduate Tuition

$10,530

Location

Bellevue, Nebraska

18

University of Northern Colorado

Graduate Tuition

$10,545

Location

Denver, Colorado

19

Adler Graduate School

Graduate Tuition

$10,782

Location

Minnetonka, Minnesota

20

Eastern Kentucky University

Graduate Tuition

$10,998

Location

Richmond, Kentucky

21

Ball State University

Graduate Tuition

$11,067

Location

Muncie, Indiana

22

Southern New Hampshire University Online

Graduate Tuition

$11,286

Location

Manchester, New Hampshire

23

Marian University – Wisconsin

Graduate Tuition

$11,400

Location

Fond du Lac, Wisconsin

24

Ashford University

Graduate Tuition

$11,430

Location

San Diego, California

25

Johnson & Wales University-Online

Graduate Tuition

$11,445

Location

Providence, Rhode Island