Health Information, Medical Records Technology Degree from New England Institute of Technology Return on Investment

See what the return on investment is for jobs that someone with a Health Information, Medical Records Technology degree from New England Institute of Technology is likely to work in.

F D C B A
Approximate Total Payment $157,933
Approximate Total Interest $44,700
Monthly Payment $1096.76
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 new england institute of technology

Medical records specialists

Projection Rating: C-

Median Annual Wage: $48,780

Percentage of Paycheck to Repay: 26.98%-20.08%

Employment Change: 16.7%

Entry-Level Education: Postsecondary nondegree award

Health information technologists and medical registrars

Projection Rating: C+

Median Annual Wage: $62,990

Percentage of Paycheck to Repay: 20.89%-15.55%

Employment Change: 6.4%

Entry-Level Education: Associate's degree

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Investing in your education is a significant decision, and choosing the right degree can lead to a rewarding career in the healthcare sector. The Health Information, Medical Records Technology Degree from the New England Institute of Technology (NEIT) offers a robust foundation for students looking to excel in this rapidly growing field. Understanding the return on investment (ROI) for this degree can help prospective students make informed choices about their educational path.

The demand for health information professionals is on the rise, driven by an increasing reliance on technology and data management in healthcare. Graduates of NEIT’s program are well-equipped with the skills necessary to navigate this evolving landscape, including expertise in electronic health records (EHR), data analytics, and health information management. As the healthcare industry continues to expand, so do the opportunities for qualified professionals.

One of the key factors influencing the ROI of NEIT’s Health Information, Medical Records Technology Degree is the competitive starting salaries for graduates. According to recent labor market data, individuals with this degree can expect to earn a solid income, with many entry-level positions offering salaries that are significantly above the national average. Moreover, as you gain experience and advance in your career, your earning potential can increase substantially.

Additionally, NEIT’s strong connections with healthcare providers and industry leaders provide students with valuable networking opportunities, internships, and job placements. This direct access to the job market can enhance your employability and expedite your career progression, further increasing your ROI.

Furthermore, the program’s comprehensive curriculum not only prepares students for immediate employment but also lays the groundwork for further education. Graduates may choose to pursue advanced degrees or certifications, which can lead to even higher salaries and specialized roles within the healthcare sector.

In summary, investing in a Health Information, Medical Records Technology Degree from the New England Institute of Technology presents a promising opportunity for students seeking a rewarding career in healthcare. With a strong job market, competitive salaries, and the potential for career advancement, the ROI on this degree is compelling. Take the first step towards a fulfilling career that makes a difference in people's lives—explore NEIT’s 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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