Does it pay to get an online college degree? Recent research into the benefits of a college education suggests that the answer is “Yes! And in more ways than one.”

There are a lot of things to consider when trying to decide whether to pursue an online college degree. Earning an online college degree requires a lot of time and effort. Online degree programs are typically just as rigorous and academically demanding as traditional degree programs. Earning an online degree also requires a financial investment. The costs of tuition, fees, and books will have to be covered, either up front, or through student loans, which will have to be paid back eventually.

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The number of students choosing to pursue their college degrees online has exploded in recent year. A 2010 study by the Sloan Consortium shows that the number of online students grew by over a million between 2008 and 2009, the largest single year increase ever. In 2009 there were over 5.6 million students taking online courses, or nearly thirty percent of all college and university students. Interestingly, the growth in online student enrollments outpaced enrollment in traditional on-campus programs by nearly ten to one!

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So you want to pursue a college degree online? That’s great! Online education and distance learning programs are growing in popularity every year. The 2010 Sloan Survey of Online Education shows online education grew by over a million students the year before, with projections showing even greater growth in the future. Indeed, online degree programs are adding students at a much faster rate than traditional colleges and universities now.

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