Health Information, Medical Records Technology Degree from Western Kentucky University Return on Investment

See what the return on investment is for jobs that someone with a Health Information, Medical Records Technology degree from Western Kentucky University is likely to work in.

F D C B A
Approximate Total Payment $88,218
Approximate Total Interest $24,969
Monthly Payment $612.62
Assumed Loan Type Direct Subsidized
Assumed Repayment Plan Standard Fixed
Assumed Payoff Years 12
Assumed Scholarship Amount $0
Assumed Down Payment $0

Top job projections for graduates in health information, medical records technology from western kentucky university

Medical records specialists

Projection Rating: B-

Median Annual Wage: $48,780

Percentage of Paycheck to Repay: 15.07%-11.21%

Employment Change: 16.7%

Entry-Level Education: Postsecondary nondegree award

Health information technologists and medical registrars

Projection Rating: B+

Median Annual Wage: $62,990

Percentage of Paycheck to Repay: 11.67%-8.68%

Employment Change: 6.4%

Entry-Level Education: Associate's degree

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The decision to pursue a degree in Health Information and Medical Records Technology from Western Kentucky University (WKU) is not just an investment in education; it’s a strategic move towards a rewarding and stable career in the growing healthcare sector. With the increasing reliance on digital health records, the demand for skilled professionals in health information management is at an all-time high. But what does this mean for your return on investment (ROI)?

WKU’s program offers a comprehensive curriculum that equips students with the skills needed to excel in various roles within the healthcare industry. Graduates can expect to find employment in hospitals, clinics, and healthcare organizations, where they will play a crucial role in managing patient data, ensuring compliance with regulations, and improving healthcare delivery systems.

One of the most compelling aspects of pursuing a degree in this field is the potential salary. According to the U.S. Bureau of Labor Statistics, the median pay for health information technicians is significantly higher than the average for all occupations. Graduates from WKU have reported competitive salaries that not only justify the cost of their education but also provide a lucrative return on their investment.

Moreover, WKU’s strong network of alumni and partnerships with healthcare providers enhances job placement opportunities for graduates. This connection can lead to internships and job offers that further increase the ROI of your education. The program also emphasizes practical experience, ensuring that students are job-ready upon graduation.

In addition to financial benefits, a degree in Health Information and Medical Records Technology contributes to job security. As the healthcare industry continues to evolve, the need for trained professionals who can manage and analyze health data will only grow. This stability offers peace of mind and allows graduates to focus on their careers without the fear of job instability.

In conclusion, investing in a Health Information and Medical Records Technology degree from Western Kentucky University not only yields a promising financial return but also provides graduates with the skills, experience, and job security needed to thrive in an essential and dynamic field. Start your journey today and reap the benefits of a degree that truly pays off.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.

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