Health Information, Medical Records Administration Degree from Illinois State University Return on Investment

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

F D C B A
Approximate Total Payment $132,425
Approximate Total Interest $37,481
Monthly Payment $919.62
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 illinois state university

Health information technologists and medical registrars

Projection Rating: B-

Median Annual Wage: $62,990

Percentage of Paycheck to Repay: 17.52%-13.04%

Employment Change: 6.4%

Entry-Level Education: Associate's degree

Medical records specialists

Projection Rating: C

Median Annual Wage: $48,780

Percentage of Paycheck to Repay: 22.62%-16.83%

Employment Change: 16.7%

Entry-Level Education: Postsecondary nondegree award

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When considering a degree in Health Information and Medical Records Administration from Illinois State University, understanding the return on investment (ROI) is crucial. This program not only equips students with essential skills in managing health information systems but also opens doors to a rewarding career in a rapidly growing field.

The healthcare industry is expanding, and with it, the demand for skilled professionals in health information management is on the rise. Graduates from Illinois State University are well-prepared to meet this demand, given the program's comprehensive curriculum that covers topics such as health data management, health information technology, and regulatory compliance.

One of the most significant advantages of pursuing this degree is the potential for a high salary. According to the Bureau of Labor Statistics, the median annual wage for health information managers is significantly above the national average, making this degree a sound financial investment. Graduates can expect to find employment in various settings, including hospitals, clinics, insurance companies, and governmental agencies, all of which are in constant need of qualified health information professionals.

Moreover, Illinois State University boasts a robust network of alumni and industry connections, providing students with valuable internship opportunities and job placement assistance. This not only enhances employability but also helps graduates transition smoothly into the workforce, ensuring that their investment in education pays off quickly.

In addition to strong earning potential, a degree in Health Information and Medical Records Administration fosters job security. The healthcare sector is one of the most stable industries, with a continuous need for qualified personnel to manage patient data and comply with health regulations. With an aging population and the ongoing evolution of healthcare technology, the prospects for growth in this field remain promising.

In conclusion, investing in a Health Information and Medical Records Administration degree from Illinois State University offers a substantial return on investment. With competitive salaries, strong job security, and a comprehensive education, graduates are poised to thrive in a dynamic healthcare environment. Take the first step toward a fulfilling career by exploring this valuable program 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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