Medical Insurance Coding Specialist Degree from University of Alaska Anchorage Return on Investment

See what the return on investment is for jobs that someone with a Medical Insurance Coding Specialist degree from University of Alaska Anchorage is likely to work in.

F D C B A
Approximate Total Payment $68,636
Approximate Total Interest $19,426
Monthly Payment $476.64
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 medical insurance coding specialist from university of alaska anchorage

Medical records specialists

Projection Rating: B+

Median Annual Wage: $48,780

Percentage of Paycheck to Repay: 11.73%-8.72%

Employment Change: 16.7%

Entry-Level Education: Postsecondary nondegree award

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Investing in your education is a significant decision, and choosing the right program can lead to a rewarding career. The Medical Insurance Coding Specialist Degree from the University of Alaska Anchorage (UAA) offers a strong return on investment (ROI) for aspiring healthcare professionals. This program equips students with the essential skills and knowledge to excel in the growing field of medical coding and billing.

One of the primary advantages of obtaining your degree from UAA is the high demand for medical coding specialists in today’s job market. With the healthcare industry continuously expanding, skilled professionals in this field are needed to ensure accurate coding, billing, and compliance with regulations. Graduates from UAA are well-prepared to meet these demands, leading to job opportunities and competitive salaries.

According to industry statistics, medical coding specialists can earn a median annual salary that significantly exceeds the average for all occupations. With the right certifications and experience, many graduates see a rapid increase in their earning potential. Additionally, the flexibility of remote work options in this field can enhance work-life balance, further increasing the overall value of your degree.

The University of Alaska Anchorage provides a comprehensive curriculum that combines theoretical knowledge with practical applications. Students gain hands-on experience through internships and real-world projects, making them job-ready upon graduation. Furthermore, UAA’s strong network of alumni and industry connections can open doors to employment opportunities, providing graduates with a competitive edge in the job market.

Financially, the investment in a Medical Insurance Coding Specialist Degree from UAA can yield significant returns. With relatively low tuition costs compared to other institutions and the potential for high starting salaries, students can expect to see a strong ROI within just a few years of entering the workforce. Additionally, many employers offer tuition reimbursement programs, further enhancing the financial benefits of this degree.

In conclusion, pursuing a Medical Insurance Coding Specialist Degree from the University of Alaska Anchorage is not just an educational decision; it’s a strategic investment in your future. With a robust job market, competitive salaries, and valuable industry connections, graduates are well-positioned to achieve long-term career success and financial stability. Explore the opportunities that await you with this degree and take the first step towards a fulfilling career in healthcare today.

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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