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Selecting an online university is not a simple decision. Each student should carefully evaluate his own preference and research highly rated schools before creating a list of potential schools. Once this list is established, you might wonder what to look for in an online university. Create a list of variables such as reputation, size, location and cost. This can help the student determine which online university is the best choice for him. Creating a spreadsheet can help the student to easily see how the schools compare to each other and to his preferences.