Health Information, Medical Records Technology Degree from Massachusetts Bay Community College Return on Investment

See what the return on investment is for jobs that someone with a Health Information, Medical Records Technology degree from Massachusetts Bay Community College is likely to work in.

F D C B A
Approximate Total Payment $81,985
Approximate Total Interest $23,204
Monthly Payment $569.34
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 massachusetts bay community college

Medical records specialists

Projection Rating: B

Median Annual Wage: $48,780

Percentage of Paycheck to Repay: 14.01%-10.42%

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: 10.85%-8.07%

Employment Change: 6.4%

Entry-Level Education: Associate's degree

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If you're considering a degree in Health Information and Medical Records Technology from Massachusetts Bay Community College (MBCC), you're likely curious about the return on investment (ROI) of your educational journey. In today’s digital age, the demand for skilled professionals in health information management is at an all-time high, making this degree not only a smart choice but a lucrative one as well.

The Health Information and Medical Records Technology program at MBCC equips students with the essential skills needed to thrive in a growing field. Graduates are trained in data management, coding, and health informatics, preparing them for various roles in hospitals, clinics, and healthcare organizations. According to the Bureau of Labor Statistics, jobs in health information management are projected to grow significantly, which translates to a steady influx of job opportunities for graduates.

Investing in your education at MBCC means you’re setting yourself up for a rewarding career with competitive salaries. Health information technicians earn a median annual wage that is significantly above the national average. With the right credentials, you can expect to see a quick return on your investment as you step into the workforce.

Additionally, MBCC’s connections to local healthcare facilities provide students with valuable internship opportunities that enhance learning and increase employability. These hands-on experiences not only enrich your resume but also allow you to build a professional network that can lead to job offers after graduation.

Furthermore, MBCC offers affordable tuition rates compared to many other institutions, making it possible to graduate with minimal student debt. This affordability combined with the high earning potential in the field means that your investment in a Health Information and Medical Records Technology degree can pay off remarkably well.

In conclusion, pursuing a Health Information and Medical Records Technology degree from Massachusetts Bay Community College is a strategic investment in your future. With a robust job market, competitive salaries, and the potential for career advancement, the ROI is undoubtedly favorable. Take the first step towards a rewarding career today and explore the opportunities that await you at MBCC.

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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