online degree programs psychology | High Gas Prices Could Mean More Online Degrees

Posted by bposton on June 9th, 2008 — Posted in online degree programs psychology

Hey there my little dorm room buddy…

Don’t know about you, but gas prices are driving me CRAZY!! :-(

In today’s ecomony, high gas prices are actually having a good news / bad news affect on the online degree industry.

On the one hand, high gas prices are forcing educators and students alike to take a much harder look at online degree programs.

For example, the Tennessee Board of Regents has called for a statewide effort to cut down on students’ drive time, asking schools under their jurisdiction to condense class schedules and reach out to students with their online education programs. As a result, enrollment in the Regents Online Degree Program is up 29 percent over last year, and 72 percent of those who have enrolled say gasoline prices are the reason they are pursing online courses.

So that’s the good news - an online degree can save a ton of money in gas.

So what’s the bad news??

Well, because gas prices are so high, and the ecomony is in such bad shape, a lot of folks that could use a degree are finding it much harder to shell out the money to oay for one.

Usually, Universities and two-year institutions benefit to some degree from economic downturns because struggling individuals looking for higher-paying jobs turn to education.

But with today’s gas prices pinching businesses and individuals’ purse strings, fewer are willing to budget for the cost of that education. 

When you think about the fact that in today’s poor ecomony, the hardest pressed group is an adult part-time student who is already juggling a family and a job or two. Often times they just can’t justify the cost of more education.

Sort of a double edged sword. so to speak…

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