Top Online Schools in US for 2012
The students bearing the busy life schedules are likely to remain in a pell-mell for choosing between the campus-based study and online study. The malleability and flexibility offered by the online education drifts the trend of campus based study to online study.
A wide range of degree programs, diplomas and certificates are being proposed by different online schools and universities. The trend of online schools is seen to be increasing gradually and it does not seem to get stagnant in the short term.
Methodology Adopted for Ranking:The primary purpose of annual rankings is to develop a comprehensive and standardized approach to rank different schools on the basis of dependable and reliable statistics. The statistics used in the rakings below have been gathered from The National Center for Education Statistics (NCES).
The ranking has been done by addressing the following factors:
Cost of tuition and books: The cost of higher education plays a vital role in reaching to the final choice of an institution. The rankings have been done by scrutinizing tuition costs of different schools.
For-Profit vs. Not-For-Profit: The stakeholders of ‘for-profit’ schools seek to flourish the profit figures and such schools are usually run by private organizations. Contrary to this, ‘not for profit’ schools are unlikely to include profit making in their primary objectives. However, ‘for- profit vs. not-for-profit’ metric has not been considered in the allotment of rankings to the schools.
Retention Rates: The ‘Retention Rate’ of an institution can be delineated as the percentage of students attending the institution in one fall and readmitting in the same institution in the next fall. Retention Rate provides an idea about the satisfaction of students regarding the quality of education and services provided. High retention rate of an institution may be deemed as a quantification of the high effectiveness of an institution and high student satisfaction.
Repayment Rate: This metric is released by the U.S govt. and it provides information about the percentage of students who payback their loans within allotted time without being defaulted.
Following are the top online schools in US for 2012. The ranking of these online schools has been done by reckoning various factors such as retention rates, repayment rates, approximate tuition fee and final score. This extract is likely to assist the students for making informed decisions to invest in the education.
|Rank||Online Schools||Retention Rate||Repayment Rate||Approx. Tuition Fee||Overall Score||Not for Profit?||School Detail|
|1||California University of Pennsylvania||74%||54%||$11,914||85.49||Yes||Detail|
|2||Western Governors University||76%||51%||$5,870||80.39||Yes||Detail|
|3||Iowa Central College||55%||54%||$5,790||79.36||Yes||Detail|
|5||Abilene Christian University||71%||62%||$22,760||76.80||Yes||Detail|
|6||Jones International University||89%||49%||$11,880||76.24||No||Detail|
|7||North central University||63%||57%||76.21||No||Detail|
|9||Concord Law School||75%||--||$9,984||72.37||No||Detail|
|10||University of the Rockies Online||--||52%||$12,096||71.44||No||Detail|
|13||Colorado Technical University||84%||39%||$10,665||66.96||No||Detail|
|14||Liberty University Online||71%||45%||$18,064||62.41||Yes||Detail|
|15||Western International University||67%||35%||$10,480||57.96||No||Detail|
|16||Upper Iowa University Online||61%||50%||$22,350||56.45||Yes||Detail|
|17||Saint Leo University Online||69%||39%||$18,150||56.39||Yes||Detail|
|18||University of Phoenix||52%||44%||$10,120||56.38||No||Detail|
|19||Grand Canyon University||25%||52%||$16,500||56.29||No||Detail|
|20||Academy of Art University Online||63%||44%||$18,050||55.35||No||--|
|21||Bryant and Stratton College Online||73%||23%||$15,120||51.87||No||Detail|
|25||Colorado Technical University||34%||39%||$11,660||44.52||No||Detail|
|26||University of Maryland University College||37%||37%||$12,288||42.99||Yes||Detail|
|28||AT Still University||--||33%||$24,156||36.27||Yes||Detail|
|29||American InterContinental University||14%||39%||$15,465||36.27||No||Detail|
|30||Argosy University Online||33%||37%||$19,812||33.10||No||Detail|
*Walden University data is only for Bachelor Students.
Effects of Global Recession:A major factor that gives vent to online education is the global recession. The financial instability of the students is somehow ameliorated by the online education as online learning is likely to offer lesser educational charges compared to campus-based education.
Benefits of Online Education:There are multiple benefits of online education which boost up the affection of learners for online learning.
Indigenous Requirements: The online learners savor the opportunity of being exempt from indigenous requirements of campus-based education as the location of online learners does not become a bottleneck for earning education.
Self-paced Study plan: The online students also relish the exemption from sturdy and tough study timing schedules which are needed to be followed by campus-based learners.
Maintaining Balance: The online students can also maintain poise between educational, professional and other responsibilities.