Where Can You Earn an Online Master’s in Real Estate for 2025?

Co-Founder and Chief Data Scientist

Finding the right real estate program to boost your career can feel overwhelming. You want a degree with the skills to qualify for leadership roles. At the same time, you need a program that fits your schedule and budget. Online education makes earning a graduate degree more accessible, but not all programs offer the same benefits. Choosing the wrong one could mean spending time and money on a degree that doesn’t match your career goals.

The demand for skilled real estate professionals is rising. In 2024, reports showed that about 46,000 new real estate jobs will open annually until 2033. This steady growth means strong opportunities for graduates. But to take advantage of these openings, you need the proper education. This article explores where you can earn an online master’s in real estate in 2025. You’ll learn about costs, program quality, career paths, and key factors to consider before applying.

What are the benefits of getting an online master’s in real estate?

An online master’s in real estate prepares graduates for careers in brokerage, property development, real estate investment, corporate real estate, and consulting.
Online programs teach real estate finance, market analysis, and property law using case studies and projects that reflect real-world industry trends.
Graduates can qualify for leadership roles, with real estate brokers earning a median salary of $63,060 and asset management or development professionals making $100,000 or more annually.

What can I expect from an online master’s in real estate?

An online master’s in real estate provides advanced knowledge in property investment, development, and management. It covers essential topics like market analysis, finance, and law while offering hands-on projects that mirror real-world challenges.

Most programs require courses in real estate finance, investment analysis, market research, property law, and urban development. Some include specializations like sustainable real estate or commercial real estate management. Students often complete projects involving financial modeling, property valuation, or market feasibility studies, which help them develop the skills employers seek.

Tuition varies by school, but most programs charge between $500 and $1,500 per credit hour. A complete program typically requires 30 to 45 credit hours, bringing the total cost to $15,000 to $67,500. Financial aid and scholarships can help reduce expenses.

The average completion time is 12 to 24 months, depending on whether students study full-time or part-time. Some schools offer accelerated options that allow students to graduate in as little as a year. Flexible scheduling makes it easier for working professionals to balance school with their careers.

Where can I work with an online master’s in real estate?

An online master’s in real estate opens doors to careers in brokerage, property development, investment, and corporate real estate. Many professionals also start their businesses. Real estate brokers and sales agents often work independently. In fact, data published in 2024 found that 54% of them are self-employed. A master’s degree can help professionals advance in this competitive field by offering property valuation, market analysis, and financing expertise.

For those interested in commercial real estate, careers in property development, asset management, or real estate investment trusts (REITs) are common. Large corporations and financial firms hire real estate analysts to assess market trends and manage property portfolios. Graduates can also work in government agencies, focusing on urban planning or housing development.

Other career paths include real estate consulting, property technology (prop-tech), and sustainability-focused development. With the growing demand for professionals who understand market trends and financial strategies, an online master’s in real estate provides the skills needed for various high-level roles.

How much can I make with an online master’s in real estate?

According to data published by the BLS in 2024, the median annual wage for real estate brokers was $63,060, while real estate sales agents earned a median salary of $54,300. However, those in high-demand markets or luxury real estate can make over six figures.

Salaries tend to be higher for professionals in corporate real estate or investment firms. Real estate analysts earn between $70,000 and $100,000 annually, while asset managers can make $80,000 to $120,000, depending on their experience. High-level positions, such as real estate development managers or directors, earn $150,000 or more, plus performance-based bonuses.

Self-employed professionals have unlimited earning potential, depending on their deals and client base. Those working in commercial real estate, property investment, or REITs often see the highest salaries. With experience and strong industry connections, graduates of an online master’s in real estate can significantly increase their income over time.

List of the Best Online Master’s in Real Estate for 2025
How long does it take to complete an online master's in real estate program?
What is the learning experience like in an online real estate master’s program?
Are there affordable online master’s in real estate programs?
What are the financial aid options for students enrolling in an online master’s in real estate program?
Can I apply for an online real estate program without a background in real estate?
How does an online master’s in real estate compare with an MBA?
What accreditation and industry certifications should I verify for an online master’s in real estate program?
Can combining an online master’s in real estate with business administration accelerate my career?
How do online master’s programs adapt to evolving industry trends?
How do online master’s programs foster professional networking and industry partnerships?
Can pursuing a complementary business degree enhance my real estate career?
What support services are available to help online real estate students succeed?
What criteria should I use to evaluate an online master’s in real estate program?
How can an online master’s in real estate foster entrepreneurial success?
How can online students gain practical experience in real estate development?
Why types of specializations are available in an online master’s in real estate program?
What outcomes can I expect after completing an online master’s in real estate program?
How long does it typically take to see a return on investment from an online real estate degree?
What is the job market for graduates with an online master’s in real estate degree?
Other Things You Should Know About Online Master’s in Real Estate Programs

List of the Best Online Master’s in Real Estate for 2025

How do we rank schools?

We know selecting an online master’s in real estate program is a significant choice. To help, we offer transparent information based on data from reliable sources like IPEDS, Peterson’s, the College Scorecard, and the National Center for Education Statistics. Our rankings ensure you can make informed decisions about the best programs available. Visit Research.com’s methodology page for full details.

Fordham University

Fordham University’s Master of Science in Real Estate Development (MSRED) program focuses on developing expertise in real estate legalities, finance, construction, and project management. The curriculum covers critical topics like market analysis, zoning, and investment strategies. The program includes 27 core credits, 6 elective credits, and a 3-credit capstone project. Based in NYC, it offers hands-on learning through site visits and a mentorship program. Graduates are prepared for leadership roles in development projects globally.

Required Credits to Graduate: 36
Cost: $1,610 per credit hour
Accreditation: Middle States Commission on Higher Education (MSCHE)

Georgetown University

Georgetown University’s online Master of Professional Studies in Real Estate program equips students with industry-specific finance, sustainability, development, and management skills. The program focuses on ethical practices and includes coursework designed to promote leadership. Although all courses are asynchronous, students can participate in live events, network, and even attend campus classes. The program emphasizes real-world scenarios, making it ideal for professionals who want to expand their knowledge while maintaining flexibility.

Required Credits to Graduate: 33
Cost: $51,909 total tuition
Accreditation: MSCHE

University of Arizona

The University of Arizona’s Master of Real Estate Development (MRED) program is 100% online and follows a three-phase curriculum. Students begin by mastering real estate fundamentals, focusing on financial analysis and market forecasting. The final stage applies these concepts to real development projects. Core skills include advanced investment analysis, project management, and socially responsible development, preparing students for property development, real estate law, and market analysis careers.

Required Credits to Graduate: 30
Cost: $850 per credit hour
Accreditation: WASC Senior College and University Commission (WSCUC)

Florida International University

Florida International University’s Master of Science in International Real Estate (MSIRE) program stands out for its focus on global real estate practices, technology integration, and market analysis. Courses cover real estate finance, law, and development, and students learn to use industry tools like ARGUS and GIS. The program’s expansive curriculum also prepares students for real estate licensing exams and various industry designations. Students also have opportunities to network and attend property tours and industry events, enhancing their career prospects.

Required Credits to Graduate: 30
Cost: $28,000 for residents, $30,000 for non-residents
Accreditation: Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)

Liberty University

Liberty University’s Master of Business Administration in Real Estate Development (MBA) is designed for students who want to combine business management with real estate expertise. The 100% online program features courses in real estate operations, investment analysis, property law, and core business topics like finance and marketing. It offers flexibility with multiple start dates and a broad curriculum that prepares students for real estate or business management roles, making it ideal for aspiring leaders.

Required Credits to Graduate: 45
Cost: $565 per credit hour for full-time students, $615 per credit hour for part-time students
Accreditation: SACSCOC

How long does it take to complete an online master's in real estate program?

On average, it typically takes about two years to finish an online master's in real estate if you are studying full-time. However, many students choose to go part-time, which can extend the duration to three years or longer.

The flexibility of online programs is one of their main advantages. You can often adjust your schedule to fit your personal or professional commitments. For instance, some programs offer accelerated options, allowing students to complete coursework in a shorter time frame by taking additional classes during the year or by taking intensive summer courses. If you choose this route, you can finish in as little as 18 months.

Additionally, the completion time can depend on whether you take advantage of elective courses or a thesis option, which may add time to the program. Many programs also offer opportunities for internships or capstone projects, which also affect how long it takes to complete your degree.

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What is the learning experience like in an online real estate master’s program?

The learning experience in an online real estate master’s program is designed for flexibility while maintaining academic rigor. Students engage in coursework that balances theory with real-world application, preparing them for careers in property development, real estate finance, and investment. Programs often use a mix of live and asynchronous classes, allowing students to learn at their own pace while still interacting with professors and peers.

Here’s what students can expect:

Interactive Coursework: Many programs use case studies, financial modeling exercises, and virtual property assessments to give students hands-on experience.
Live and Recorded Lectures: Some courses feature live discussions, while others allow students to watch lectures on their schedule.
Networking Opportunities: Online programs often provide virtual networking events, alumni connections, and mentorship opportunities.
Access to Industry Tools: Students may use software like ARGUS, GIS mapping, and financial analysis programs to develop marketable skills.
Capstone Projects: Many programs include a final project where students apply their knowledge to a real-world real estate deal or development plan.

Enrolling in a program from one of the best online colleges ensures students receive a high-quality education with expert faculty and strong industry connections. These schools prioritize innovation in online learning and offer resources like career services and interactive learning platforms to enhance the student experience.

When deciding between traditional and online education, prospective students may ask, "Is it cheaper to go to college online?" The answer depends on factors like tuition rates, in-state discounts, and cost savings from commuting and housing.

Are there affordable online master’s in real estate programs?

Yes, students can find affordable options for an online master’s in real estate. Tuition costs vary, but public universities tend to be more budget-friendly. In the 2023-24 academic year, full-time graduate students at public universities paid an average of $11,827 in tuition and fees, while private universities charged around $20,515. Many schools also offer in-state tuition discounts or flat online tuition rates, making them accessible to more students.

This degree can be a wise investment for those looking for an affordable way to enter the real estate industry. Compared to other advanced business degrees, an online master’s in real estate often has lower tuition while still leading to high-earning career paths in property development, investment, and management. In fact, students comparing costs might consider this degree alongside an affordable business management degree online, as both provide strong business fundamentals with a focus on financial and strategic decision-making.

Some schools allow students to transfer credits from previous coursework, shortening the time to graduation and lowering expenses. With careful planning, students can find a program that fits their career goals without breaking the bank.

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Similarly, those in nursing careers often look for the fastest way to advance, leading them to search for "What is the easiest RN to MSN program online?" These programs provide flexible pathways for registered nurses seeking advanced practice roles or leadership positions.

The chart below illustrates the education level of most realtors, as reported by the NAR in 2024.

What are the financial aid options for students enrolling in an online master’s in real estate program?

When enrolling in an online master's in real estate program, several financial aid options are available to help cover the cost of tuition. These options can help ease the financial burden, making it more accessible for students to pursue their degrees. Here are some of the most common financial aid options:

Federal Financial Aid: U.S. citizens and eligible non-citizens can apply for federal financial aid by completing the Free Application for Federal Student Aid (FAFSA). Through FAFSA, students may qualify for federal grants, loans, and work-study programs. The U.S. Department of Education offers Direct Unsubsidized Loans and Direct PLUS Loans for graduate students, which can help cover tuition costs.
Scholarships: Many universities offer scholarships specifically for real estate students. Some are merit-based, while others are need-based or tailored for specific groups, like women or underrepresented minorities in real estate. For instance, the National Association of Realtors (NAR) offers scholarships to real estate students.
Employer Tuition Assistance: Some employers offer tuition assistance or reimbursement programs to support employees who want to further their education. If you currently work in the real estate industry or another field, check with your employer to see if this is an option.
Private Loans: Private lenders, including banks and credit unions, offer loans for graduate students. While private loans can have competitive interest rates, it is essential to compare them with federal loan options, which may have more favorable terms.
Veterans' Benefits: Veterans and active-duty military members may be eligible for education benefits through the GI Bill. This can cover tuition and other educational costs. If you are a veteran, check with the U.S. Department of Veterans Affairs (VA) for details.

Can I apply for an online real estate program without a background in real estate?

Yes, many online real estate master's programs accept students without a real estate background. These programs are designed for career changers, business professionals, and those with related experience in finance, construction, or law. Some schools offer foundational courses to help students gain essential real estate knowledge before diving into advanced topics.

Most programs require:

A bachelor's degree: While a real estate bachelor's degree can provide a strong foundation, applicants with degrees in business, finance, or related fields are also competitive.
Work experience: Some programs prefer or require professional expertise, which isn't always mandatory.
Standardized test scores: Many schools no longer require the GRE or GMAT, but some may still ask for them.
Letters of recommendation: Schools often ask for references from employers or professors.
A personal statement: Applicants usually submit an essay explaining their career goals and interest in real estate.

For those without direct real estate experience, taking online courses can strengthen their application and better prepare them for a master's program. Many schools also offer bridge courses to help students transition smoothly into real estate studies.

How does an online master’s in real estate compare with an MBA?

An online master’s in real estate provides industry-specific expertise in topics such as property finance, market analysis, and development strategy, offering targeted skills for navigating the unique challenges of the real estate market. In contrast, MBA programs deliver a broader business education that covers leadership, strategic management, and operational functions across multiple sectors. For professionals weighing a specialized degree against a traditional business administration program, it is important to consider how each aligns with career objectives and market demands. Evaluating the distinct focus and outcomes of each program can help determine which investment better suits your professional growth and long-term benefits, which you can read more on our article Is an MBA worth it?

What accreditation and industry certifications should I verify for an online master’s in real estate program?

Accreditation is fundamental in validating the quality and recognition of your degree. Prospective students should seek programs accredited by reputable regional or national agencies, as this ensures a curriculum that meets established academic and industry standards. Additionally, look for courses that offer relevant industry certifications to further enhance your professional profile. Notably, quality assurance practices similar to those in programs offering an affordable MBA online can indicate a strong commitment to continuous improvement and innovative teaching.

Can combining an online master’s in real estate with business administration accelerate my career?

Integrating specialized real estate training with robust business management principles can broaden career opportunities and strengthen leadership competencies. Students who strategically enhance their curriculum with core business disciplines benefit from improved strategic decision‐making skills, streamlined operational insights, and expanded professional networks. Many institutions offer pathways that allow enrollment in complementary courses, providing exposure to advanced topics in finance, marketing, and management. Leveraging resources from the best online MBA can further refine these abilities, making graduates more attractive to employers seeking versatile professionals.

How do online master’s programs adapt to evolving industry trends?

Online master’s programs continuously refine their curricula to align with emerging market demands and technological advancements. They integrate modules on digital transformation, prop-tech innovations, and data analytics to equip students with a modern perspective on property development and investment. Many programs incorporate real-time market simulations and case studies that reflect current challenges in urban planning and sustainable development. Additionally, institutions update course content by partnering with industry experts and leveraging interactive platforms, ensuring that graduates are prepared for a dynamic and technology-driven landscape. For comparative insights into program expenses, prospective students may review business degree online cost.

How do online master’s programs foster professional networking and industry partnerships?

Online master’s programs in real estate implement targeted initiatives to build professional networks and establish industry relationships. Institutions host virtual networking events, interactive webinars with industry experts, and collaborative projects that bring together peers, alumni, and seasoned professionals. Advanced digital platforms and dedicated career service portals further support connections by facilitating mentorship opportunities, internship placements, and direct engagement with influential real estate firms. These strategic partnerships not only enhance learning but also pave the way for long-term career growth. For additional insights on diversifying your expertise, explore cheap DBA online.

Can pursuing a complementary business degree enhance my real estate career?

Integrating an online master’s in real estate with targeted business coursework can broaden your strategic capabilities and prepare you for multifaceted leadership roles. Leveraging complementary studies can refine skills in financial analysis, strategic planning, and operational management, providing a competitive advantage in dynamic markets. For instance, pursuing a business degree online fast can further reinforce your business acumen and optimize decision-making, enabling a more holistic approach to property development and investment strategies.

What support services are available to help online real estate students succeed?

Many online master’s programs supplement their curriculum with robust support services designed to enhance academic and professional outcomes. Institutions offer dedicated career counseling, virtual tutoring, and technical assistance to ensure a seamless learning experience. In addition, advanced career centers provide personalized guidance on resume building, interview preparation, and job placement strategies, while integrated mentorship programs connect students with seasoned industry professionals for real-time insights. Some programs also facilitate access to supplemental business training resources, similar to those offered by the quickest MBA programs, further expanding skill sets and networking opportunities.

What criteria should I use to evaluate an online master’s in real estate program?

To select a high-quality online master’s program, assess the institution’s accreditation status and verify that its curriculum reflects current industry practices. Consider faculty expertise and their active engagement with real estate trends, as well as the program’s commitment to integrating innovative teaching methods and advanced technology. Evaluate the availability of hands-on projects, virtual networking events, and dedicated career support services that can enhance both learning and future job prospects. Additionally, compare cost structures and available financial aid with potential long-term returns, and explore options like the cheapest executive MBA online programs for a broader perspective on value and alternative business education opportunities.

How can an online master’s in real estate foster entrepreneurial success?

Online master’s programs in real estate often incorporate initiatives that support innovative thinking and business creation. This approach equips graduates with the skills to evaluate emerging market opportunities, develop comprehensive business plans, and manage risk effectively. By engaging in strategic case studies and collaborative projects, students learn to design solutions that merge property expertise with entrepreneurial ventures. Such training fosters the ability to identify niche market opportunities, secure strategic partnerships, and access alternative financing options—key elements for launching successful businesses. Additionally, exploring insights into what jobs can you get with entrepreneurship degree further broadens the perspective on career diversification.

How can online students gain practical experience in real estate development?

Online students can gain practical experience in real estate development through hands-on learning opportunities integrated into their programs. Schools provide real-world applications to help students build industry skills even in a virtual setting. By taking advantage of these opportunities, online students can develop the practical skills needed to enter the real estate industry with confidence. Here are ways to gain practical experience:

Capstone Projects: Many programs include a final project in which students analyze market data, create development plans, or pitch investment strategies. This hands-on work simulates real-world real estate challenges.
Internships: Some schools partner with real estate firms to offer virtual or in-person internships. These opportunities allow students to work on live projects and build professional connections.
Case Studies and Simulations: Programs often use case studies based on actual real estate transactions, allowing students to apply financial modeling, market analysis, and legal knowledge to real-world scenarios.
Networking and Mentorship: Schools connect students with industry professionals through mentorship programs, networking events, and alumni associations, providing insights into current market trends and job opportunities.
Short, Intensive Programs: Some 1 year graduate programs in real estate development offer accelerated coursework combined with practical experiences like fieldwork, site visits, or consulting projects. These programs allow students to gain both academic knowledge and hands-on expertise quickly.

Why types of specializations are available in an online master’s in real estate program?

Specializations in an online master’s in real estate program allow students to focus on specific areas of the industry. These concentrations help students gain expertise in high-demand fields, making them more competitive in the job market. Below are some of the most common specializations:

Real Estate Development: This specialization covers land acquisition, zoning, project financing, construction management, and market feasibility. Students learn to take a project from concept to completion, working with architects, investors, and city planners.
Real Estate Finance and Investment: Ideal for students interested in financial modeling, risk assessment, and capital markets. This track prepares students for careers in commercial real estate lending, investment analysis, and asset management.
Property Management: Focuses on managing residential, commercial, and industrial properties. Topics include lease negotiations, tenant relations, maintenance planning, and real estate law. This specialization is helpful for those looking to oversee large property portfolios.
Real Estate Valuation and Appraisal: Students in this track study market trends, property assessment methods, and valuation principles. They prepare for careers as real estate appraisers, working with banks, government agencies, and private firms.
Sustainable Real Estate and Green Development: This specialization covers eco-friendly construction, energy-efficient design, and environmental regulations. It is valuable as the industry shifts toward sustainability and green building certifications like LEED.

The chart below lists the largest employers of property, real estate, and community association managers, as reported by the BLS in 2024.

What outcomes can I expect after completing an online master’s in real estate program?

Completing an online master’s in real estate can lead to career advancement, higher salaries, and specialized expertise in real estate development, finance, or property management. Graduates gain the skills needed to succeed in various sectors of the industry.

Career Growth: Many graduates move into senior roles such as real estate developers, investment analysts, property managers, or corporate real estate executives. Those with prior experience can qualify for leadership positions.
Higher Earning Potential: A master’s degree can lead to higher salaries, especially for professionals transitioning from entry-level positions to management roles in commercial real estate, asset management, or urban development.
Expanded Professional Network: Many programs provide access to alumni groups, real estate associations, and mentorship programs, which can help graduates secure job opportunities and industry connections.
Specialized Knowledge: Students gain expertise in real estate finance, sustainable development, and risk assessment, helping them stand out in a competitive job market.
Further Educational Opportunities: Some graduates pursue additional certifications or degrees, such as accelerated MBA programs online, to gain broader business management skills that complement their real estate expertise.

How long does it typically take to see a return on investment from an online real estate degree?

The time it takes to see a return on investment (ROI) from an online master’s in real estate depends on factors like job placement, salary increases, and career progression. Many graduates experience financial benefits within a few years, especially if they transition into higher-paying roles. Here are the factors that impact the ROI timeline:

Salary Increase: Graduates who enter fields like commercial real estate investment, development, or property management may see salary boosts within the first year, especially if they move into leadership roles.
Industry Demand: Real estate careers in high-demand areas, such as urban development or investment analysis, often lead to faster financial gains. The health of the real estate and housing market also affects how quickly professionals see returns.
Job Placement & Career Advancement: Those with prior industry experience typically see faster ROI. In contrast, career changers may take longer as they gain expertise and industry connections.
Tuition Costs vs. Earnings: Graduates who secure roles with strong earning potential, such as real estate development managers or asset managers, often recoup their tuition within 3 to 5 years.

What is the job market for graduates with an online master’s in real estate degree?

The job market for graduates with an online master’s in real estate remains steady, with opportunities in various sectors. While the employment of real estate brokers and sales agents is expected to grow by 2% from 2023 to 2033, there will still be about 46,000 job openings annually. This demand is driven by retirements and career changes, ensuring a continuous need for skilled professionals in the field.

Property, real estate, and community association management offer slightly better prospects. Job growth is projected to be 3% in the same period, translating to approximately 37,800 annual job openings. With growing urban development, rising housing demands, and an increasing focus on property investment, real estate management professionals will remain in demand.

Graduates often qualify for higher-level roles, such as real estate investment analysts, development managers, or corporate real estate advisors. These positions typically offer better job security and higher salaries than entry-level real estate jobs. While the field is competitive, those with specialized finance, development, or sustainability skills can stand out.

Other Things You Should Know About Online Master’s in Real Estate Programs

What career makes the most money in real estate?

Real estate investment professionals, especially private equity or development professionals, tend to earn the highest salaries. Roles like real estate investment trust (REIT) managers, commercial real estate developers, and asset managers often see six-figure salaries. An online master’s in real estate can help professionals break into these high-paying fields by providing advanced financial and market analysis skills.

What is the hardest part of real estate?

The toughest challenge in real estate is market unpredictability. Economic shifts, interest rate changes, and property value fluctuations can impact profitability. Professionals need strong analytical skills and industry knowledge to navigate risks. Many online master’s in real estate programs teach students how to assess market trends and develop strategies for long-term success.

What is the highest level of real estate?

At the highest level, real estate executives lead large development projects, manage investment portfolios, and oversee major transactions. Titles like Chief Real Estate Officer (CREO) and real estate investment director represent top-tier leadership roles. An online master’s in real estate provides the expertise needed to reach these positions.

Are there mentorship programs available for online real estate students?

Yes, many programs connect students with industry mentors through alumni networks, virtual coaching, and professional associations like the Urban Land Institute (ULI). A strong mentorship can provide career advice, networking opportunities, and guidance on advancing in real estate. Online master’s in real estate programs often integrate mentorship to support student success.

References:

Bureau of Labor Statistics (BLS). (2024a). Property, Real Estate, and Community Association Managers. Occupational Outlook Handbook. BLS.
Bureau of Labor Statistics (BLS). (2024b). Real Estate Brokers and Sales Agents. Occupational Outlook Handbook. BLS.
Bureau of Labor Statistics (BLS). (2025). Real Estate: NAICS 531. Industries at a Glance. BLS.
National Association of Relators (NAR). (2024). Quick Real Estate Statistics. Research and Statistics. NAR.
National Center for Education Statistics (NCES). (2024a). Student Charges: What is the average amount of tuition and required fees for graduate students at public postsecondary institutions operating on an academic year calendar system?. IPEDS. NCES.
National Center for Education Statistics (NCES). (2024b). Student Charges: What is the average amount of tuition and required fees for full-time graduate students at private postsecondary institutions operating on an academic year calendar system?. IPEDS. NCES.