Health Information, Medical Records Administration Degree from University of Louisiana at Lafayette Return on Investment

See what the return on investment is for jobs that someone with a Health Information, Medical Records Administration degree from University of Louisiana at Lafayette is likely to work in.

F D C B A
Approximate Total Payment $81,254
Approximate Total Interest $22,997
Monthly Payment $564.26
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 university of louisiana at lafayette

Health information technologists and medical registrars

Projection Rating: B+

Median Annual Wage: $62,990

Percentage of Paycheck to Repay: 10.75%-8.00%

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: 13.88%-10.33%

Employment Change: 16.7%

Entry-Level Education: Postsecondary nondegree award

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Investing in your education is a significant decision, and when it comes to pursuing a degree in Health Information and Medical Records Administration from the University of Louisiana at Lafayette, the return on investment (ROI) can be substantial. This program prepares students for a rewarding career in the healthcare industry, where demand for skilled professionals continues to rise.

The Health Information and Medical Records Administration degree offers a comprehensive curriculum that covers essential topics such as health data management, healthcare laws and ethics, and information technology in healthcare. Graduates are equipped with the knowledge and skills necessary to excel in various roles, including health information manager, medical coder, and data analyst.

One of the most compelling aspects of this degree is the potential for a high ROI. According to industry reports, professionals in health information management can expect competitive salaries, often exceeding $70,000 per year. As the healthcare sector grows, so does the need for qualified individuals to manage patient records and ensure compliance with regulations. This demand translates into job security and opportunities for advancement.

Furthermore, the University of Louisiana at Lafayette offers robust career services and networking opportunities, helping students connect with potential employers in the field. Alumni from this program have successfully secured positions in hospitals, clinics, insurance companies, and government agencies, demonstrating the effectiveness of the education provided.

In conclusion, pursuing a Health Information and Medical Records Administration degree from the University of Louisiana at Lafayette not only equips you with valuable skills but also offers a strong return on investment. With a growing job market and the potential for lucrative salaries, this degree can pave the way for a fulfilling career 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.

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