That would be correct. In Portugal, university fees are around €1000 per annum. A private university costs around €5000. So by our standards, this is expensive.

A second disadvantage is that American degrees are not automatically recognized here - you have to ask for an equivalence; and very likely an online degree would not be recognized, because it does not follow a traditional format in terms of course attendance and examinations.

The only advantage of this degree is the fact that you can take it online, and that is not very compelling, as you can find most of this material for free.