Earlier quoted context omitted.
> required to have a masters degree This isn't true from my experience. I have several friends who teach K-12 education. They only have a bachelor's degree, many times in different areas than what they are teaching (English degree teaching Math, for example).
My wife's about to hit a wall on pay increases at right at $40k if she doesn't get a master's degree. Never get another real raise, just sub-inflation bumps every year. With quite a damn while left until retirement. Mind, the master's degrees most teachers get aren't exactly hard —there's a giant market for easy-as-pie degrees for teachers for exactly this reason, and that's what most universities deliver and what mo…
As you say, there is a whole cottage industry of online accredited places (Liberty University, which I don't even consider to be the level of University of Phoenix, is accredited/recognized (unlike University of Phoenix) and used by MANY teachers in the state of Georgia, for instance -- I have a hunch there is some sort of financial relationship between the state and Liberty but I have no proof) -- some counties even offer easy access to loans/do tuition reimbursement.