Whether you’re switching careers, fresh out of undergrad, or already in finance, an affordable online Master of Accounting (MAcc) can open doors to high-paying roles without breaking the bank. Accountants earn a median salary of $81,680, with 6% job growth expected by 2033. Still wondering if grad school is worth it? This OMD guide highlights budget-friendly MAcc programs, key benefits, and smart ways to save. All so you can make a confident, cost-effective next step.
- Degree Benefits
What the benefits of this type of degree are, how it’ll help me succeed, and why I should enroll…
Read more - Inside Real Programs
An inside look at actual online programs, exploring their structure, curriculum, costs, admission criteria, and more…
Read more - FAQs
Insightful and guiding answers to common questions prospective students like myself have about earning this degree…
Read more - Saving Strategies
How I can save money on my online master’s degree beyond enrolling in a school with affordable tuition…
Read more - Top Programs
A list of today’s best online and hybrid programs based on quality, affordability, and student support…
Read more
Why You Should Consider Affordable Online Accounting Master’s Programs
Choosing an affordable master’s degree program in accounting provides advantages like saving money upfront, reducing financial stress, and improving your return on investment (ROI) after graduation. Affordable online programs often offer the same accreditation and curriculum as pricier options so you can earn the same credential for a fraction of the cost.
Below, we summarize three key benefits — each with tangible examples — showing how an affordable MAcc degree program can improve your education experience and career prospects.
Benefit 1: Less Tuition and Debt
Choosing a budget-friendly accounting master’s program can save you tens of thousands in tuition. For instance, Western Governors University (WGU) charges a flat-rate tuition with an average annual cost of $8,856—about half the national average of $20,513. Over a one- to two-year program, that can mean $10,000+ in savings.
Lower tuition often means less or no student loan debt, allowing you to start your career without loan payments eating into your paycheck. For example, opting for a $15,000 program instead of a $50,000 one leaves more money in your pocket—both now and in the future.
Benefit 2: High ROI and Career Payoff
Spending less on grad school improves your return on investment (ROI) when your salary rises. A master’s in accounting can lead to a significant income boost—without the high price tag if you choose an affordable program. For example, graduates of WGU’s low-cost online MAcc reported an average salary increase of over $19,900, often enough to cover the full cost of tuition within a few years.
Many affordable programs are fully accredited and prepare you for the CPA exam, which can further increase earning potential. You don’t need a $100,000 Ivy League degree to see results—a $20,000 accredited program can offer similar career gains, making it a smart financial move.
Benefit 3: Less Financial Stress and More Flexibility
Choosing an affordable graduate program can ease financial stress and boost academic success. Without large loans hanging over you, it’s easier to stay focused on learning—not tuition bills. Many low-cost accounting master’s programs are fully online and built for working professionals, letting you work full-time and study in the evenings through asynchronous courses.
With manageable tuition, you may be able to pay as you go or cover costs out of pocket, avoiding debt altogether. This flexibility means you can take a lower-paying internship, focus on CPA exam prep, or pursue other career goals without financial pressure. In short, an affordable program supports both your budget and your success—a major win for busy adult learners.
Comparing the Most Affordable Master’s in Accounting Degree Programs
Below, we highlight three accredited U.S.-based master’s degree programs in accounting that are known for affordability. Each program features a quality curriculum with a budget-friendly price tag, delivered in a flexible online format. We pulled key details from the universities’ websites — including program length, credit requirements, tuition costs, admissions info, and outcomes — so you can get a concise, factual overview. These programs prove you can earn a respected master’s degree in accounting without spending a lot.
Maryville University (MU) — MS in Accounting
Maryville University’s online Master of Science (MS) in Accounting degree program holds great value for its cost. The program requires completion of 30 credits and can be finished in one year for students with an undergraduate accounting background. MU designed this degree program to serve both traditional accounting students and career changers; if you lack prior accounting coursework, there’s an optional bridge program (up to 60 additional credits of foundational courses), so you can earn a master’s degree in approximately two years.
The curriculum emphasizes practical skills in tax planning, financial reporting, data analytics, and auditing, with coursework informed by Becker CPA review materials to help you prepare for the CPA exam. GMAT or GRE scores are not required for admission. Students can choose from two specializations (Business Analysis and Reporting or Information Systems and Controls) that align with the new CPA exam discipline areas.
Maryville University is regionally accredited, and its business programs are accredited by the Accreditation Council for Business Schools and Programs (ACBSP); this ensures academic quality. Graduates must meet a 150-credit hour requirement for CPA licensure in most states, and university officials note that many alumni obtain roles in public accounting, corporate finance, and auditing.
Mode: Fully online with asynchronous courses
Number of Credits: 30
Cost per Credit: $850
Estimated Total Tuition: $25,500Financial Aid: Students might be eligible for federal financial aid (loans and/or grants) and military benefits. MU works with employer tuition assistance programs. The school also offers institutional aid; for example, financial aid packages can include private and institutional scholarships in addition to federal aid. No-cost CPA exam prep materials are integrated via Becker, so students can potentially save on those costs, as well.
Colorado State University Global (CSU) — Master of Professional Accounting
CSU Global’s Master of Professional Accounting tands out for its affordable flat-rate tuition and accelerated, fully online format. The 30-credit program is delivered in eight-week course blocks, allowing part-time or full-time study, with most students finishing in 12–18 months.
All students pay the same tuition, with no out-of-state fees and a tuition guarantee from enrollment to graduation. The curriculum includes 24 core accounting credits and 6 credits in an emphasis area (e.g., auditing or taxation), aligning with ACBSP accreditation. The program also helps prepare students for CPA and CMA exams, and students may be eligible for IMA scholarships to offset CMA exam costs.
Admission requires a bachelor’s degree (not necessarily in accounting); students without sufficient accounting background may need a foundational course. No GMAT is required, though a 3.0 GPA or relevant experience is expected.
CSU Global supports working professionals with monthly start dates, an asynchronous format, and the ability to transfer up to 15 credits, making it a flexible, cost-effective option for earning an accounting master’s degree.
Mode: Fully online
Number of Credits: 30
Cost per Credit: $675
Estimated Total Tuition: $20,250
Financial Aid:
CSU Global accepts federal financial aid, including loans and grants, and offers several institutional scholarships for graduate students, such as merit-based awards and alumni continuing education scholarships. Military and veteran students can use GI Bill benefits or tuition assistance, while Colorado residents may qualify for state-specific aid.
All students can use CSU Global’s Net Price Calculator to estimate their aid options. The university also partners with select employers to provide tuition discounts and supports employer tuition reimbursement programs, making graduate education even more affordable.
Western Governors University (WGU) — Master of Accounting (MAcc)
Western Governors University (WGU) offers an affordable, flexible online Master of Accounting (MAcc) through a competency-based model. Instead of charging per credit, WGU uses a flat-rate tuition per six-month term, allowing students to complete as many courses as they can during that time. Most students finish in about 19 months, but those who accelerate can finish in 12–18 months, saving thousands—two terms cost about $9,510, while four terms cost around $19,020.
The program covers advanced topics in accounting and includes CPA exam prep from UWorld (a $1,800 value) at no extra cost. WGU’s MAcc is both regionally accredited and ACBSP-accredited, and designed to meet the 150-hour CPA licensure requirement in most states. Students can choose from four specialization tracks: Taxation, Auditing, Financial Reporting, or Management Accounting.
Admission requires a bachelor’s degree (not necessarily in accounting), though some students may need to take foundational courses. No GRE or GMAT is required. Courses are self-paced, ideal for working professionals balancing jobs and study.
Mode: Online, self-paced
Number of Credits: 10 to 11 courses (equivalent to 30 credits)
Cost per Credit: $4,755 flat rate per six-month term
Estimated Total Tuition: $9,510 to $19,020 (depending on the student’s pace)
Financial Aid:
WGU students are eligible for federal financial aid (loans and grants). The school offers an array of scholarships. It also participates in employer tuition reimbursement programs and is friendly to corporate partnerships. Military servicemembers and veterans can use tuition assistance or GI Bill benefits. Because of the flat-rate tuition, any employer tuition benefit (up to $5,250 per year, tax-free) can go a long way; it often covers an entire term or more. WGU’s financial aid counselors can help students who pay out-of-pocket set up interest-free payment plans.
Student FAQs about Most Affordable Accounting Master’s Degree Programs
How can I be sure an affordable online accounting master’s degree program is reputable?
Always verify a school’s accreditation and curriculum before enrolling. Reputable programs hold regional accreditation—the gold standard—and may also have programmatic accreditation from bodies like AACSB or ACBSP. Many affordable programs are ACBSP-accredited, ensuring they meet industry-recognized quality standards.
Review the program’s faculty credentials and course content to ensure it covers key topics like advanced accounting, tax, and auditing, and includes CPA exam prep if relevant. Employers generally respect online degrees from accredited schools, and some even actively recruit from well-regarded online programs.
Avoid any program lacking proper accreditation—diploma mills can waste your time and money. To confirm legitimacy, use the CHEA or U.S. Department of Education databases. With due diligence, you can earn a credible, affordable degree that delivers real value.
Are affordable master’s in accounting degree programs lower-quality than expensive programs?
Not necessarily—a higher price doesn’t always mean higher quality in higher education. Many state universities and non-profits offer affordable online programs with strong academic standards. Often, these programs use the same curriculum and textbooks as more expensive schools.
Accreditation helps level the playing field. An affordable program with AACSB or ACBSP accreditation meets the same rigorous standards as pricier options. As long as you verify a program’s reputation and accreditation, you can get a high-quality education at a lower cost.
Outcomes like CPA pass rates and job placement are often just as strong—or even better. For example, graduates from WGU’s low-cost MAcc program perform above average on the CPA exam. Price differences often reflect factors like public funding or online efficiency, not educational quality.
What financial aid options are available to help me pay for an online MAcc degree program?
There are several ways to make a master’s in accounting more affordable. Start by submitting the FAFSA—graduate students qualify for federal aid, mainly through Direct Unsubsidized Loans (up to $20,500 per year) and Grad PLUS Loans (which can cover the remaining cost of attendance).
Next, explore scholarships and grants. Many professional organizations, like the AICPA, offer awards ranging from $3,000 to $10,000. Schools and online programs often have scholarships specifically for graduate or online students—so don’t assume aid is only for undergrads.
If you’re working, check if your employer offers tuition reimbursement—up to $5,250 annually tax-free. And if you’re in the military or a public service role, look into the GI Bill or Public Service Loan Forgiveness for additional savings on federal loans.
Will an affordable online MAcc degree program prepare me for the CPA exam and licensing?
In most cases, yes—an affordable MAcc program can fully prepare you for the CPA exam, as long as it meets educational requirements. To become a CPA, you’ll typically need 150 college credit hours and specific accounting coursework.
The programs highlighted above are designed to help students meet these standards. Many even include CPA exam review materials or align their courses with the CPA exam blueprint, covering key areas like financial accounting, auditing, regulation (tax), and business environments.
When researching programs, compare course offerings to the CPA exam content and check for extras like exam pass rate data, mentor support, or help registering for the exam. Most importantly, make sure the school is regionally accredited and recognized by your state board so your credits count toward CPA licensure.
Ultimately, success on the exam depends more on your preparation than on a program’s price tag.
What can I do career-wise with a master’s degree in accounting, and is it worth it?
A master’s degree in accounting can lead to a range of careers and often accelerates your advancement. With this graduate degree, you’ll be more qualified for higher-level roles than someone with only a bachelor’s degree. Common career outcomes include becoming a CPA at a public accounting firm (a master’s degree and a CPA license are often needed for senior accountant and manager roles).
Graduates can also work as corporate accountants or financial analysts, forensic accountants, auditors, or tax specialists. An accounting master’s degree can also help you obtain positions like controller, finance director, or CFO, especially when combined with a CPA or Certified Management Accountant (CMA) credential.
Paying for an Online Accounting Master’s Degree Program
Once you’ve chosen an affordable program, there are still plenty of ways to cut costs. From scholarships and tax credits to employer tuition benefits, smart strategies can help you reduce expenses—and maybe even graduate debt-free.
Below, you’ll find five effective ways to save on an online MAcc degree, complete with resources and links to help you take action. Whether it’s applying for aid or transferring credits, combining multiple approaches can maximize your savings and make your investment go further.
1. Apply for Scholarships and Grants
Start by seeking scholarships specifically for accounting and graduate study—free money you don’t have to repay. One example is the AICPA Foundation Scholarship for Future CPAs, which awards $5,000 to $10,000 to students pursuing CPA licensure.
Look for opportunities tailored to your background, such as the AICPA Scholarship for Minority Accounting Students or state CPA society scholarships. Use resources like This Way to CPA and your school’s financial aid page to search.
Also check for university-funded grants or assistantships—some online programs offer small awards or tuition waivers. Apply early and often, and aim to submit several scholarship applications each month—it’s a part-time effort that can pay off in real tuition savings.
2. Take Advantage of Employer Tuition Assistance
If you’re a working professional, check whether your employer offers education benefits. Many companies—especially in finance and accounting—offer tuition reimbursement, often up to $5,250 per year tax-free under U.S. tax law. That means your employer could cover $5,000 of your tuition annually without it counting as taxable income.
Some larger firms go beyond this or offer dedicated support for MAcc or MBA programs. Over two years, that could total $10,500 in tax-free assistance, significantly reducing your out-of-pocket costs.
Even if your company doesn’t have a formal program, consider speaking with your manager. They may offer other support, like a flexible schedule or partial sponsorship, especially if your degree benefits your current role.
3. Fill out The FAFSA
Filling out the FAFSA isn’t just for undergrads—graduate students should complete it, too. While grants like the Pell Grant don’t apply, the FAFSA gives you access to federal student loans, which often have lower interest rates and more flexible repayment than private loans. Grad students can borrow up to $20,500 per year in Direct Unsubsidized Loans, which aren’t based on financial need and can be deferred until after graduation.
If you need more, consider a Grad PLUS Loan, which can cover additional costs up to the full cost of attendance. These loans require a credit check, but most applicants are approved.
Some schools also offer Federal Work-Study for master’s students, providing part-time jobs (sometimes remote) to help offset expenses.
Lastly, FAFSA data may qualify you for state or school-based aid. Even if you don’t plan to borrow, it’s worth the time to apply—just having the option can help you avoid late fees or high-interest alternatives.
4. Choose Affordable Programs and Transfer Credits
One simple way to save on your MAcc is by choosing a program with lower tuition or flat-rate pricing for online students. Some public universities charge in-state rates for all online learners or have one nationwide rate. For example, CSU Global charges $675 per credit with no extra fees, regardless of residency—potentially saving you thousands compared to out-of-state rates elsewhere.
You can also reduce costs by transferring credits. If you completed graduate courses or a certificate earlier, some programs will accept them. CSU Global, for instance, allows up to 15 transfer credits toward its Master of Professional Accounting degree.
Finally, check if your school offers credit-by-exam options like CLEP for prerequisite courses. While more common in undergrad programs, testing out of foundational accounting or business classes can still cut down your tuition bill.
5. Claim Education Tax Credits
When tax season rolls around, don’t overlook education credits that can reduce your bill. For most graduate students, the key benefit is the Lifetime Learning Credit (LLC), which covers 20% of tuition and fees—up to $2,000 per year. For instance, if you paid $10,000 in eligible tuition, you could receive the full $2,000 as a tax credit. It’s non-refundable, so you need to owe taxes to benefit, and income limits apply (full credit is available for single filers earning up to about $80,000 in 2025).
To claim it, make sure your school issues a 1098-T form and keep records of your expenses. You’ll also need to file IRS Form 8863.
Some first-year grad students may qualify for the American Opportunity Tax Credit, but it’s typically for undergraduates. If your employer reimburses more than $5,250 in tuition, the excess is taxed—but that amount can still count toward the LLC.
Finally, certain education costs may qualify as tax deductions if they’re work-related or if you itemize. Consult a tax advisor for guidance, but at minimum, claim the LLC if you’re eligible.
Ranking the Best Online Master’s Degree Programs in Accounting
Affordability matters, but so do quality and support. That’s why OMD ranked the most affordable online master’s in accounting programs. Using U.S. Department of Education data, we analyzed tuition, financial aid, online offerings, accreditation, and student services across 7,700+ universities to highlight top-value programs.
Those interested in becoming licensed CPAs should consider the master's in accounting program at La Salle University. The curriculum covers business operations, healthcare finance administration, financial management, financial budget analysis, and revenue management. Students can also complete electives and a final capstone project in accountancy areas of personal interest. The amount of credits required and the expected graduation timeline vary since the school accepts students from various accounting and business backgrounds. Graduates are prepared to be leaders in myriad sectors, including auditing, financial reporting, research, and public or corporate accounting.
Program Highlights:
Master of Business Administration -- Accounting Specialization
- Credits: 33-42
- Length: Varies
- Mode: Online
- Accreditation: AACSB
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | MSCHE |
The University of Texas Permian Basin offers a flexible, fully online master's in public accounting (MPA). For students who meet the requirements for the CPA exam, the school offers a one-year MPA in accounting. For those already working in the accounting field who would like to obtain their CPA license, the school offers a part-time program. The completion time for the part-time option varies depending on a student's schedule and course load. Each of these curriculum options focuses on accounting for small and entrepreneurial firms, service firms, and government organizations.
Program Highlights:
Master of Professional Accountancy
- Credits: 36
- Length: Varies
- Mode: Online
- Accreditation: AACSB
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
Fitchburg State University offers a full online master's in accounting where students gain a foundational understanding of business and a specialized understanding of accounting. To accomplish this goal, students take more generalized introduction courses to other areas of business like marketing and finance, though the majority of the coursework focuses on accounting. The accounting curriculum is rigorous, preparing students to sit for the CPA licensure exam. At $436 per credit hour, the program is more affordable than other programs. Courses are offered at flexible times since most students also work full-time.
Program Highlights:
Master of Business Administration in Accounting
- Credits: 30
- Length: One year
- Mode: Online
- Accreditation: IACBE
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | NECHE |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | NWCCU |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | NECHE |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | NECHE |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | NWCCU |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | NEASC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | MSCHE |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | MSCHE |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | MSCHE |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | NWCCU |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | MSCHE |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | WSCUC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | NWCCU |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | SACSCOC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |
School Services & Accreditation
Career Services | Yes |
Academic Counseling | Yes |
Accreditation | HLC |