It is important for prospective students to know that data science degrees are expensive. The cost of a college education is always a deciding factor in whether a student should choose to pursue one option over another. It should be noted whether degrees that allow graduates to enter into the data science field are more expensive than degrees needed for most other careers.
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A Master’s Degree Is Typically Needed
Although students can earn bachelor’s degrees in data science from some universities, a master’s degree is typically needed to enjoy a successful career in this field. In fact, undergraduate degrees specifically in data science are not common. Most people entering this field get their bachelor’s degree in a related subject like computer science, information science, statistics or mathematics. Graduates can then go on to enter a master’s degree program in data science. A master’s degree requirement to enter an occupation, however, means that schooling will cost more than it would for careers that only require a high school diploma, associate’s degree or bachelor’s degree. This is a consideration students should take into account, even if the cost of the degree itself is about the same as degrees in other subjects.
How Does Their Cost Compare To Other Degrees?
To determine are data science degrees expensive, it is important to look at their cost in comparison to other degrees. Students should compare the tuition costs of a data science degree both to other data science programs as well as other degrees in different subjects. Comparison at the same school and across schools is also useful. There are a number of online services that allow students to make easy comparisons, such as the one offered by U.S. News & World Report. Overall, a data science degree is going to be comparable to other degrees offered by a particular institution. They are not on average more expensive than earning a comparable degree in a different subject.
What About Online Degrees?
Many master’s degrees in data science are offered online. Online degrees can be cheaper than degrees earned in person but not always. Some online data science master’s degrees are quite reasonable in cost. Others might cost the same or even more than in-person options. When looking for online degrees, be sure to choose one offered by an accredited school with a good reputation. This is the single best thing students can do to ensure their online degree will be viewed seriously by employers.
Seek Financial Aid
Most institutions provide financial aid opportunities for their students. Before deciding to apply for a program, students should inquire about financial aid and see if there are any ways to decrease the cost of a data science or related degree further. Schools typically provide students with a financial aid package offer upon acceptance so students can decide whether attending that school will be more expensive or not. There may also be options to seek outside financial aid, such as through scholarships offered by local, regional or national organizations. Given the significant problem of student loan debt in America, it is best to avoid loans wherever possible but many students will still find them necessary.
Because costs vary so widely based on the type of program, location and individual institution, it can be difficult to say whether data science degrees are particularly expensive or not. Prospective students are best off considering are data science degrees expensive in relation to other degrees offered by the same institutions or across a different subject.