2025's Most Affordable Online Master’s in Accounting

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.

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.