Clinical Medical Laboratory Technician Degree from Auburn University at Montgomery Return on Investment

See what the return on investment is for jobs that someone with a Clinical Medical Laboratory Technician degree from Auburn University at Montgomery is likely to work in.

F D C B A
Approximate Total Payment $90,286
Approximate Total Interest $25,554
Monthly Payment $626.98
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 technician from auburn university at montgomery

Medical and Clinical Laboratory Technicians

Projection Rating: B

Median Annual Wage: $55,000

Percentage of Paycheck to Repay: 13.68%-10.18%

Employment Change: 10%

Entry-Level Education: Associate's degree

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The decision to pursue a Clinical Medical Laboratory Technician degree at Auburn University at Montgomery (AUM) is not only an investment in your education but also a strategic step towards a rewarding career in the healthcare sector. Understanding the return on investment (ROI) for this degree can help prospective students make informed choices about their futures.

AUM's Clinical Medical Laboratory Technician program equips students with the essential skills and knowledge required in today’s medical laboratories. With a curriculum that combines theoretical learning and practical experience, graduates are well-prepared for the workforce. The demand for skilled laboratory technicians is on the rise, driven by an aging population and advances in medical technology. This trend translates into robust job opportunities and competitive salaries for graduates.

According to recent data, individuals with a Clinical Medical Laboratory Technician degree can expect to earn an average annual salary significantly higher than those without a degree. In many cases, starting salaries for AUM graduates in this field can range from $40,000 to $60,000, depending on location and experience. Over a typical career span, this can lead to substantial earnings potential, making the initial investment in education worthwhile.

Furthermore, AUM’s strong connections with local healthcare facilities provide students with valuable internship opportunities, enhancing their resume and increasing employability upon graduation. These real-world experiences not only enrich the learning process but also often lead to job offers before students even graduate.

In addition to financial returns, earning a Clinical Medical Laboratory Technician degree from AUM offers personal fulfillment. Graduates contribute to critical healthcare services, playing a vital role in patient diagnosis and treatment. The satisfaction of knowing you are making a difference in people's lives adds immeasurable value to your career.

In summary, the ROI of pursuing a Clinical Medical Laboratory Technician degree from Auburn University at Montgomery is multifaceted. With promising salary prospects, strong job demand, and the opportunity to make a meaningful impact in the healthcare field, this degree represents a smart investment in your future.

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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