Top 5 Online Accounting Degree in Texas: Costs and Fees

If you’re considering a career in accounting, Texas is a prime destination. Known for its business-friendly environment and a growing demand for financial professionals, the Lone Star State offers excellent opportunities for aspiring accountants. According to the Bureau of Labor Statistics (BLS), Texas is projected to need over 24,000 new accountants by 2028, making it a great time to invest in an online accounting degree.

In this comprehensive guide, we’ll explore the costs associated with obtaining an online accounting degree in Texas, the types of programs available, top schools, and potential career paths.

Overview of Online Accounting Degrees

Before diving into costs, it’s crucial to understand the types of accounting degrees available. You can pursue various programs, including:

• Bachelor’s Degree: Typically requires 120 credit hours, providing a foundation in accounting principles.
• Master’s Degree: Advanced studies that can lead to CPA licensure.
• Certificate Programs: Shorter programs that focus on specific skills in accounting.

You may also want to consider hybrid programs that combine online and on-campus courses, which can offer greater flexibility.

How Much Does Online Accounting School Cost in Texas?

The cost of obtaining an online accounting degree in Texas varies significantly based on several factors, including:

• Type of School: Public institutions typically offer lower tuition rates compared to private colleges.
• Program Level: Undergraduate programs often cost less than graduate-level degrees.
• Residency Status: In-state students usually pay lower tuition than out-of-state students.

Estimated Tuition Costs

• Bachelor’s Degree: The average cost ranges from $36,000 to $48,000 for a complete online program, assuming around $300 per credit hour. For instance, a typical 120-credit bachelor’s degree would total approximately $36,000.
• Master’s Degree: Costs can escalate to $60,000 or more, depending on the institution and specialization.

Additional Expenses: Remember to factor in costs for textbooks, technology fees, and other materials, as well as exam fees for certification.

Financial Aid Options

Despite the high costs, numerous financial aid programs can help. Filing the FAFSA® is essential for determining your eligibility for federal grants, scholarships, and student loans. This can significantly alleviate the financial burden of your accounting education.

How to Choose the Best Online Accounting Degree in Texas

When selecting an online accounting program, consider the following factors:

1. Accreditation: Ensure the institution is AACSB accredited to qualify for the CPA exam. This is crucial for your long-term career success.
2. Cost: Compare tuition rates and understand the financial aid options available. Avoid programs that exceed your budget unless you are certain about financial assistance.
3. Specialization: Look for programs that offer specializations like forensic accounting, tax accounting, or financial management to align with your career goals.

Top Online Accounting Schools in Texas

Here’s a curated list of some of the top accounting schools in Texas, ordered from least to most expensive:

1. Southern Methodist University (SMU)

• Program: Online Bachelor of Science in Accounting
• Cost: Approximately $49,600 for a four-year program, with a per-semester fee of $400.
• Overview: Renowned for its supportive learning environment and career growth opportunities.

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2. Angelo State University

• Program: Bachelor of Arts in Accounting, MBA, and Masters in Accounting and Finance
• Cost: Average tuition of $41,092.
• Overview: Offers solid accounting programs with a focus on real-world applications.

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3. Texas A&M International University

• Program: Bachelor in Accounting, Master in General Accounting
• Cost: Annual tuition around $45,270.
• Overview: Known for a high CPA exam pass rate, making it an attractive choice for students.

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4. Houston Baptist University

• Program: Online Master’s in Business Management and General Accounting
• Cost: Average tuition of $49,616.
• Overview: Provides a range of programs catering to diverse accounting interests.

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5. Dallas Baptist University

• Program: Bachelor’s and Associate degrees in Accounting
• Cost: Approximately $46,600.
• Overview: Offers a variety of accounting programs designed to meet the needs of modern businesses.

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Career Opportunities in Accounting in Texas

The accounting profession offers various career paths, especially in a bustling state like Texas. Here are some common roles you can pursue:

1. Cost Accountant/Tax Accountant: Help businesses analyze expenses and prepare for tax obligations.
2. Property Appraiser: Assess the value of real estate, an increasingly important role in Texas’s growing market.
3. Financial Analyst: Evaluate financial data to aid business decision-making.
4. Compliance Officer: Ensure companies adhere to financial regulations.

Job Outlook and Salary for Accounting Graduates

According to the BLS, the median annual salary for accountants and auditors in Texas is approximately $80,170. Employment for accounting professionals is expected to grow by 7% from 2020 to 2030, indicating a healthy job market.

Conclusion

Investing in an online accounting degree in Texas can set the stage for a rewarding career in a thriving field. By choosing an accredited program that fits your budget and career aspirations, you can take the first step toward becoming a successful accountant.

FAQs About Online Accounting Degrees

1. How can I afford accounting school? Look into financial aid options such as scholarships and federal grants by filing your FAFSA®.
2. What is the typical cost of an online accounting degree? Expect to pay around $36,000 for a bachelor’s degree, but this can vary significantly.
3. What is the earning potential for accountants in Texas? Accountants in Texas earn an average annual salary of about $80,170.
4. Is my accounting license valid in other states? Typically, licenses are state-specific, so you may need to re-certify if you move.

By carefully considering your options and taking advantage of available resources, you can pave the way for a successful career in accounting.