Health Information, Medical Records Administration Degree from University of Central Florida 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 Central Florida is likely to work in.

F D C B A
Approximate Total Payment $99,610
Approximate Total Interest $28,193
Monthly Payment $691.74
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 central florida

Health information technologists and medical registrars

Projection Rating: B

Median Annual Wage: $62,990

Percentage of Paycheck to Repay: 13.18%-9.81%

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: 17.02%-12.66%

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 from the University of Central Florida (UCF) is not just an academic choice; it’s a strategic investment in your future. Understanding the return on investment (ROI) of this degree can help you make informed decisions about your educational and career path.

UCF's Health Information and Medical Records Administration program equips students with essential skills in managing patient information, ensuring data integrity, and complying with healthcare regulations. Graduates are prepared to enter a rapidly growing field, with the Bureau of Labor Statistics projecting a significant increase in demand for health information professionals in the coming years.

The ROI of a degree from UCF can be seen in several ways:

  • High Earning Potential: Graduates with a degree in health information management often command competitive salaries. According to industry reports, professionals in this field can earn a median salary that significantly exceeds the national average, making the financial investment worthwhile.
  • Job Stability: The healthcare sector is one of the most stable industries, with a consistent need for qualified professionals. A degree from UCF positions you for a career in a field that is both rewarding and stable.
  • Career Advancement Opportunities: With a degree in Health Information and Medical Records Administration, graduates have the potential to move into higher-level positions, such as health information manager or director of health information services, leading to increased earning potential and job satisfaction.
  • Networking and Resources: UCF offers extensive resources, including career services and alumni networks, which can enhance your job search and professional growth. Building connections with industry professionals can lead to internships and job opportunities that further increase your ROI.

Moreover, the flexibility of online learning at UCF allows you to balance your studies with work or personal commitments, making it easier to pursue your degree without sacrificing your current lifestyle. This accessibility can also contribute to a quicker path to graduation, enabling you to enter the workforce sooner and start reaping the benefits of your investment.

In conclusion, the Health Information and Medical Records Administration degree from the University of Central Florida represents a valuable return on investment. With high earning potential, job stability, and numerous opportunities for advancement, this program not only prepares you for a successful career but also ensures that your investment in education pays off in the long run.

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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