Pro Tip
A college degree translates into a higher earning potential and lower unemployment rate for many students, making it a good investment for them.
Finding the right online college can affect your choice of majors, student services and career paths. That’s why it’s critical to consider your goals and budget to choose the best fit for you.
Consider Your Future Goals
Many college students hope to launch a new career or boost their earning potential after graduation. And U.S. Bureau of Labor Statistics data shows that college graduates benefit from higher weekly median earnings and a lower unemployment rate than those without a degree.
The right college should match your future goals, whether that’s a specific career path, preparing for graduate school or maximizing transfer credits. By identifying your goals, you can identify which online colleges offer the best match.
Understand Your Expenses and Financing Options
College costs quickly add up. Students paid an average of $17,700 in tuition and fees during the 2022-2023 academic year, according to the National Center for Education Statistics. Many online colleges in South Dakota charge lower tuition rates, with all four public colleges on our list reporting an average tuition and fees of less than $10,000. But regardless of the initial tuition price tag, understanding your expenses and your financial aid options can help you find the right school.
In addition to tuition, you may need to factor in textbooks, supplies, technology costs and living expenses. An online format makes it easier to work while in college, which can help you with budgeting. You can also fill out the FAFSA® annually to see if you qualify for federal student aid, state scholarships and institutional aid. After exhausting grants and scholarships, you may want to prioritize federal loans over private loans because they offer lower interest rates and more repayment options.