The Economic Return on Online Degrees: Why Affordable, Accredited Institutions Outperform Traditional Universities
DOI:
https://doi.org/10.55544/ijrah.5.4.33Keywords:
Online degrees, economic return, affordable education, accredited institutions, student debt, workforce entry, labour-market competitiveness, social mobility, Guyana, higher educationAbstract
Demand for affordable, flexible, high-quality higher education has increased globally as students confront rising tuition costs, labour-market uncertainty, and access limitations inherent in traditional brick-and-mortar institutions. Online universities, particularly those offering accredited and low-cost programmes, have strengthened their position as viable alternatives capable of delivering substantial economic return on investment. This article examines the comparative economic benefits of online degrees through a synthesis of international research, labour-market analyses, and higher-education economic models. Evidence demonstrates that affordable online degrees significantly reduce educational debt, accelerate workforce entry, enhance lifelong earnings potential, and expand access for underserved populations. The discussion highlights implications for developing states such as Guyana and the wider Caribbean, where flexible and cost-effective higher education can strengthen human-capital development and economic competitiveness.
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Copyright (c) 2025 Prof. Dr. Stanley Anthony Vivion Paul (Sr.), Prof. Dr. Justin Joseph, Prof. Stanley Anthony Vivion Paul (Jr.), Prof. Coretta McDonald, Prof. Orande Kenneatior Solomon, Prof. Shenelle Rambhajan

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