How Much Does an Information Technology Degree Cost?
How Much Does an Information Technology Degree Cost?
We live in a digital age where most of what we do and interact with is somehow connected to computers and informational technology. As the need for the newest, most in-demand technology continues to grow, so will the need for those who know how to create, use, and fix it.
A degree in information technology (IT) will help open many new doors and employment opportunities for those who are interested. If you are someone who likes to solve problems while working in a fast-paced environment, a certificate, associate degree, or bachelor’s degree in information technology might be the perfect fit for you.
Earning a certificate or degree in IT is a great way to show potential employers your knowledge, interest, and dedication to the field of information technology. If current trends hold true as predicted, you can expect to see a higher-than-average growth of jobs created over the next ten years. This means that earning a degree in IT can help you get the job you want.
With so many different employment opportunities, those who hold an IT certificate or degree could have many different choices once they graduate. Some of these job titles include computer support technician, computer programmer, database administrator, web developer, and computer system analyst.
Depending on your degree and job title, someone working in the information technology field can expect to make an average between $67,990 and $114,520 annually.
Before beginning your educational journey, it is important to consider all your options so you can enroll in the program that best fits your career aspirations and best interests.
The following factors will impact what you pay for your information technology degree.
Tuition is the largest cost you will assume while earning your degree. How much you pay will depend on the type of degree you are interested in and the school that you attend. Most colleges offer a variety of different programs, including a certificate that can help you learn basic IT concepts and information. It will allow you to sit for a variety of information technology tests upon completion. Earning an associate or bachelor’s degree can help you learn more advanced skills—if you’re willing to study for a longer period of time. Each program has different costs associated with it throughout your coursework.
The Associate Option
If you would like to spend less time in school and get on the job sooner, an associate degree may be the right choice for you. Most associate programs require 90 credit hours for graduation, which will take around two years to complete.
While the cost varies depending on the school you attend, you can expect to pay anywhere from $4,000 to $30,000 annually on tuition. Earning an associate in information technology has an average cost of $18,000 a year. An associate degree in IT will help you gain employment into an entry level IT job, which has an average annual salary of $67,990 according to the Bureau of Labor Statistics.
This degree can also be a great first stepping stone in your career because it increases your knowledge an awareness of the field. Once working in the field, you may decide to continue your education and earn more certificates or degrees to help increase your skill set—and your salary.
Pursuing a Bachelor’s
Many of those interested in IT decide that a bachelor’s degree is the best choice for them. This degree requires more time in the classroom: Most bachelor’s degree programs require students to complete 180 credit hours, which usually takes around 4 years to earn a degree.
Earning a bachelor’s degree can greatly increase your salary and advancement potential while working. With an average salary of $139,220 a year, those with a bachelor’s degree can find opportunities to make a great salary while working in a field they enjoy.
Other Costs to Consider
In addition to the cost of tuition, it is important to remember that all programs will require additional miscellaneous costs throughout the course of your schoolwork. Some of these costs include application fees, textbooks, lab fees, and technology fees.
Each year you are in school, you should expect to spend anywhere from $1,000 to more than $3,000 for textbooks.
Health insurance should also be included when you are considering the total cost of school. This can cost anywhere from about $1,000 to more than $4,000 each year, depending on your coverage and plan.
If you are planning on living on your own, you should also factor this cost when you decided where to attend college. The cost of your living expenses can vary drastically depending on where you are living and whether you’re living on your own. Conservatively speaking, expect housing, meals, and other expenses to cost between $10,000 and $20,000 per year.
One way to help you budget for these expenses is to complete the Free Application for Federal Student Aid (FAFSA), which will help you determine the amount of aid you can receive while in school. Student loans are also available to those who are interested.
Making the choice to go to school is a daunting task, but you will be proud and excited for your accomplishments once you graduate. It’s always important to keep your eye on the prize, which is earning the job you’ve always wanted in the IT world.
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