Online MHA Programs Ranked by Affordability (2024-2025)

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Student loan debt is reaching epic proportions. In fact, media organizations like CBS and Forbes are calling it a debt crisis. About 92 percent of all student debt is from federal student loans, totaling more than $1.75 trillion in the United States (Forbes Jul 2023). Yet to advance their careers and increase income, professionals are called upon to have advanced degrees in their field. This creates a need for more affordable master’s degrees.

In addition, professionals will want to seek out degrees where growth opportunities exist, the job market is expanding, and salaries are attractive. Enter online Master of Healthcare Administration (MHA) programs. According to the Bureau of Labor and Statistics (BLS 2023) data, medical and health services managers earn a median annual salary of $110,680 per year ($53.21 per hour). Median annual wages were highest in hospitals ($128,740) and government industries ($125,590), with outpatient care centers, physicians’ offices, and nursing and residential care facilities all between $95,000 and $105,000.

 
Jobs for medical and health managers market are exploding and are expected to increase 29 percent nationally between 2023 and 2033, with the addition of 160,600 positions (BLS 2024). Healthcare administrators typically have at least a bachelor’s degree, but master’s degrees are becoming increasingly common for these positions. As such, in this article, we cover online MHA programs ranked by affordability for the 2024-2025 academic year.

These rankings are based on tuition data MHAOnline.com collected in mid-2024 from over 300 online MHA programs and closely related graduate degrees. Tuition information is as current as possible, taken from the 2024-2025 school year numbers, as published by each school.

Bernd Geels
Bernd Geels
Writer

Bernd Geels is a Berlin, Germany-based freelance writer and artist. He holds an undergraduate degree in atmospheric science and two graduate degrees. He completed his most recent graduate degree in international environmental studies at the Monterey Institute of International Studies in 2011. He is interested in healthcare, climate change, marine conservation, indigenous science and refugee issues. You can reach him directly at [email protected].

Sara Navratil
Sara Navratil
Writer

Sara Navratil is a freelance writer and a Certified Canfield Success Principles Trainer. She's the owner of Sara Liza Life, a company dedicated to helping people rewrite their lives. She enjoys researching and writing about healthcare-related topics, including information on online MHA programs. When not working she likes to read, bake, and spend time with her family.

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