Clinical Medical Laboratory Science and Allied Professions Degree from University of Massachusetts – Lowell Return on Investment

See what the return on investment is for jobs that someone with a Clinical Medical Laboratory Science and Allied Professions degree from University of Massachusetts – Lowell is likely to work in.

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Approximate Total Payment $119,157
Approximate Total Interest $33,725
Monthly Payment $827.48
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 clinical medical laboratory science and allied professions from university of massachusetts - lowell

Health technologists and technicians, all other

Projection Rating: C+

Median Annual Wage: $47,470

Percentage of Paycheck to Repay: 20.92%-15.56%

Employment Change: 12.5%

Entry-Level Education: Postsecondary nondegree award

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Investing in your education is one of the most significant decisions you can make for your future career. The Clinical Medical Laboratory Science and Allied Professions Degree from the University of Massachusetts – Lowell offers a robust curriculum designed to equip you with the skills and knowledge needed to excel in the healthcare field. But what does this degree mean for your financial future? Let’s explore the return on investment (ROI) of pursuing this program.

With the growing demand for healthcare professionals, particularly in laboratory settings, graduates from UMass Lowell are well-positioned to enter a thriving job market. According to recent statistics, the employment rate for graduates in medical laboratory sciences is projected to grow significantly over the next decade. By earning your degree here, you not only gain valuable expertise but also increase your employability and potential earning power.

Graduates of the Clinical Medical Laboratory Science program can expect competitive salaries that reflect their specialized training. Many entry-level positions offer salaries that are above the national average, and with experience, there is potential for substantial salary growth. The investment in your education can pay off quickly, with many graduates seeing a return on their tuition costs within just a few years of entering the workforce.

Moreover, UMass Lowell provides extensive career support services to help students transition from academic life to their professional careers. Networking opportunities, internship placements, and career fairs are just a few of the resources available to enhance your job prospects and ensure that your investment in this degree is maximized.

In addition to immediate financial benefits, a degree in Clinical Medical Laboratory Science opens doors to various allied professions, allowing you to diversify your career path. Whether you choose to specialize further, move into management roles, or pursue advanced degrees, the foundational knowledge and skills gained at UMass Lowell will serve you well throughout your career.

Choosing to pursue a Clinical Medical Laboratory Science and Allied Professions Degree from the University of Massachusetts – Lowell is not just an educational decision; it's a strategic investment in your future. With a strong ROI, promising job prospects, and a supportive academic environment, you will be well-equipped to thrive in the dynamic field of 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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