Though many online colleges are cheaper than their brick and mortar counterparts, they are by no means cheap. Many online colleges also give students the advantage of studying at home. This cancels out the costly aspect of room and board that often double the price of attending a school. Of course, there is the cost of a computer and a reliable internet connection, as well as a printer and books. If you look closely, though, most traditional schools charge fees for computer access and books. These are usually rolled up into a student services fee or technology fee.

An average online course at a major accredited online university costs between $600 and $1000 per year.

Applying for financial aid can help defray some of the costs. A FAFSA (Free Application for Federal Student Aid) might lead to loans, grants and scholarships. Even if the entire cost of an online education might not be covered by scholarships and loans, the costs are reasonable enough that most people can afford them.

Being careful about your registration can help you avoid any unforeseen and costly errors. Making sure you are registered for the correct class in important, as is checking the school's add/drop policy. Dropping a course you don't need, can't handle or don't have time for has to be done according to school rules. Otherwise you will be charged for the full amount of the class. This is the source of many complaints about online schools. But the truth is that people who this happens to only have themselves to blame.