Health Information, Medical Records Administration Degree from Wisconsin Indianhead Technical College Return on Investment

See what the return on investment is for jobs that someone with a Health Information, Medical Records Administration degree from Wisconsin Indianhead Technical College is likely to work in.

F D C B A
Approximate Total Payment $69,291
Approximate Total Interest $19,612
Monthly Payment $481.19
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 administration from wisconsin indianhead technical college

Health information technologists and medical registrars

Projection Rating: A-

Median Annual Wage: $62,990

Percentage of Paycheck to Repay: 9.17%-6.82%

Employment Change: 6.4%

Entry-Level Education: Associate's degree

Medical records specialists

Projection Rating: B+

Median Annual Wage: $48,780

Percentage of Paycheck to Repay: 11.84%-8.81%

Employment Change: 16.7%

Entry-Level Education: Postsecondary nondegree award

Don't see the job you're looking for? Click here.

Are you considering a degree in Health Information and Medical Records Administration from Wisconsin Indianhead Technical College (WITC)? Understanding the return on investment (ROI) of your education is crucial in today's competitive job market. Here's why pursuing this degree can be a smart financial decision.

The Health Information and Medical Records Administration program at WITC equips students with the skills necessary to manage patient data, ensure compliance with healthcare regulations, and utilize advanced technology to streamline medical record-keeping. In an era where data accuracy and privacy are paramount, professionals in this field are in high demand.

One of the key factors contributing to the strong ROI of a degree from WITC is the growing job market. According to the U.S. Bureau of Labor Statistics, employment for health information technicians is projected to grow significantly, with a rate much faster than the average for all occupations. This means that graduates can expect a wealth of job opportunities upon completion of their degree.

Additionally, the earning potential for graduates in this field is promising. According to industry reports, health information managers can earn a competitive salary, often exceeding $70,000 annually, depending on experience and location. With a relatively low cost of tuition at WITC, the potential for a high salary post-graduation makes this degree a financially sound investment.

Moreover, WITC offers hands-on training and real-world experience, which enhances employability and can lead to better job placements. The college's strong connections with local healthcare facilities provide students with networking opportunities and internships that can further enhance their resumes.

In summary, pursuing a Health Information and Medical Records Administration degree from Wisconsin Indianhead Technical College not only prepares you for a rewarding career in a growing field but also offers a strong return on investment. With a combination of comprehensive education, practical experience, and promising job prospects, your degree can pave the way for a successful future in healthcare.

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.

Get your personalized projection here!