The idea that online learning will soon become a universal standard has been in the air for a while.
And now, a study by the U.K.-based online education company GED.com shows that students are willing to pay more than $30,000 for it.
The study, which examined online learning for college students in 10 countries and found that it was popular among students, found that the cost of online education was far less than traditional learning methods.
Students in the study were more willing to spend $30K for an online degree than students in traditional programs, according to the study.
That’s because students in online programs are able to use their money to pay for materials such as books and videos, which are free.
Online learners are able use their student loan dollars to pay tuition, as well as expenses such as travel, equipment and materials.
GED’s study found that students in the program were willing to fork over more than 50% of their student loans in order to pay the full price of their education.
Students who were willing and able to fork out a significant amount for an education were also more likely to graduate.
This indicates that a significant portion of the cost for online education is actually paid for by the student.
Online education has gained traction for the past decade, with studies claiming it is a viable option for college-bound students who want to boost their earning potential.
The costs of online learning have fallen dramatically in recent years, but it still costs upwards of $50,000 to attend a typical university online.
The online education companies GED and Udemy have been around since 2013, but they recently went public, raising over $4 billion in equity and a valuation of over $40 billion.
Both companies have since been criticized by many for their lack of transparency and low standards for their students.