US colleges roll out 3-year bachelor's degrees, could save students $20,000

U.S. colleges are now offering three-year bachelor's degree programs, potentially saving students up to $20,000 in tuition costs. As of spring 2023, at least 26 U.S. states had at least one such program, with 119 programs announced by May, according to the RAND nonprofit research group. These programs reduce the typical 120 credit hours required for a four-year degree to as few as 90 credit hours.

The shorter degree routes offer several benefits. For students facing financial constraints, like Giles Sims, who studied at Ensign College in Salt Lake City, the three-year program can significantly reduce overall expenses. Sims, who was laid off as a web developer, could not afford to be out of the workforce for four years, making the three-year program an attractive option.

In addition to cost savings, these programs can allow students to start their careers sooner. However, critics argue that compressing the curriculum may limit the depth of learning. The American Association of University Professors has raised concerns that reducing credits could weaken the value of a college degree. Moreover, employers may view three-year degrees differently than traditional four-year degrees, potentially creating challenges for graduates in certain professional fields, such as accounting.

Ohio is exploring the possibility of implementing 90-credit bachelor's programs, with discussions involving state officials and university leaders. While the idea aims to make higher education more affordable, it also raises questions about the academic rigor and recognition of these shorter degree programs in professional settings.