Health Information, Medical Records Technology Degree from Moraine Valley Community College Return on Investment

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

F D C B A
Approximate Total Payment $50,133
Approximate Total Interest $14,189
Monthly Payment $348.15
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 technology from moraine valley community college

Medical records specialists

Projection Rating: A-

Median Annual Wage: $48,780

Percentage of Paycheck to Repay: 8.56%-6.37%

Employment Change: 16.7%

Entry-Level Education: Postsecondary nondegree award

Health information technologists and medical registrars

Projection Rating: A-

Median Annual Wage: $62,990

Percentage of Paycheck to Repay: 6.63%-4.94%

Employment Change: 6.4%

Entry-Level Education: Associate's degree

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Investing in your education is a significant decision, especially in the rapidly evolving field of health information and medical records technology. At Moraine Valley Community College, our degree program not only equips you with the essential skills needed for a successful career but also offers an impressive return on investment (ROI).

The health information sector is growing at an unprecedented rate, driven by advancements in technology and an increasing focus on patient data management. By choosing our program, you’re positioning yourself at the forefront of this booming industry. According to recent studies, graduates in health information technology can expect to see a return on their investment within just a few years of entering the workforce.

Our curriculum is designed to provide you with hands-on experience and knowledge in medical coding, data management, and health informatics. This practical training ensures that you are not only job-ready upon graduation but also equipped to adapt to the ever-changing landscape of healthcare technology.

Moreover, Moraine Valley Community College has established strong connections with local healthcare providers, offering students valuable internship opportunities that can lead to job placements. These partnerships enhance your learning experience and provide a direct pathway to employment in a field that is in high demand.

Financially, the ROI of pursuing a degree in health information and medical records technology at Moraine Valley is compelling. With competitive starting salaries and opportunities for advancement, graduates can quickly recoup their educational expenses. The U.S. Bureau of Labor Statistics projects that jobs in health information technology will grow significantly over the next decade, further solidifying the value of your investment.

In conclusion, choosing to earn a degree in health information and medical records technology from Moraine Valley Community College is not just an educational choice; it's a strategic career move with a strong potential for return on investment. By gaining the necessary skills and experience in this high-demand field, you’ll be taking a significant step towards a rewarding and financially stable 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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