Online masters program earns 'best buy' status

Western Governors University's online MBA program is ranked eighth in affordability in a survey of accredited online business schools

Western Governors University's (WGU) online MBA program is being called a "best buy" by a group that reviews and ranks online universities.

WGU's MBA program was ranked the eighth most affordable program in a recent study by GetEducated.com. The consumer group studied costs at 90 regionally accredited business schools that offer masters of business administration degrees using distance learning technology.

Students attending WGU's online MBA program will pay approximately $13,200 in tuition to complete their degrees, compared to an average online MBA cost of $22,924.

"While affordability is a critical factor for all students considering advancing their careers by earning an MBA, it's also vital that the program they choose is rigorous, challenging, and relevant to today's business environment," said WGU vice president of marketing and enrollment Patrick Partridge. "WGU is continuing to work with industry representatives to ensure that our programs and coursework are up-to-date and offer meaningful learning experiences that prepare our students for their careers."

WGU uses a competency-based academic model that requires students to demonstrate competency in degree subjects to advance. Students with prior education or experience or those who can commit additional time to study may be able to accelerate their programs, saving both time and money.

The online university offers degree programs in business, education, information technology and healthcare. It's online bachelors of business management degree previously received a best buy ranking as well.