Health Information, Medical Records Administration Degree from Northern Essex Community College Return on Investment

See what the return on investment is for jobs that someone with a Health Information, Medical Records Administration degree from Northern Essex Community College is likely to work in.

F D C B A
Approximate Total Payment $65,136
Approximate Total Interest $18,436
Monthly Payment $452.33
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 northern essex community college

Health information technologists and medical registrars

Projection Rating: A-

Median Annual Wage: $62,990

Percentage of Paycheck to Repay: 8.62%-6.41%

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: 11.13%-8.28%

Employment Change: 16.7%

Entry-Level Education: Postsecondary nondegree award

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The decision to pursue a degree in Health Information and Medical Records Administration at Northern Essex Community College (NECC) is not just an investment in your education; it’s a strategic move towards a fulfilling career in the healthcare sector. This program equips students with the knowledge and skills necessary to manage patient data effectively, ensuring compliance with healthcare regulations and improving patient care.

When considering the return on investment (ROI) of this degree, it’s essential to examine the potential career opportunities and earning potential that follow graduation. Graduates of NECC’s program are well-prepared to enter a robust job market where the demand for health information professionals is steadily increasing. According to the U.S. Bureau of Labor Statistics, roles in health information management are projected to grow much faster than average, offering job security and stability.

Furthermore, professionals in this field can expect competitive salaries. Entry-level positions typically start around $40,000 per year, with experienced professionals earning upwards of $80,000 annually, depending on their role and location. This significant earning potential underscores the value of the degree and the skills acquired at NECC.

NECC’s program also emphasizes practical experience through internships and hands-on training, providing students with a competitive edge in the job market. This real-world experience not only enhances learning but also builds valuable networks that can lead to job opportunities post-graduation.

In addition to salary and job prospects, the degree in Health Information and Medical Records Administration contributes to the overall efficiency and effectiveness of healthcare systems. By ensuring accurate and secure management of patient records, graduates play a vital role in improving healthcare delivery, patient safety, and compliance with regulations.

In conclusion, the Health Information and Medical Records Administration degree from Northern Essex Community College presents a compelling return on investment. With strong job prospects, competitive salaries, and the opportunity to make a meaningful impact in the healthcare field, this program is a smart choice for those looking to advance their careers and contribute to the well-being of their communities.

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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