Health Information, Medical Records Technology Degree from Weber State University Return on Investment

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

F D C B A
Approximate Total Payment $69,256
Approximate Total Interest $19,602
Monthly Payment $480.95
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 weber state university

Medical records specialists

Projection Rating: B+

Median Annual Wage: $48,780

Percentage of Paycheck to Repay: 11.83%-8.80%

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: 9.16%-6.82%

Employment Change: 6.4%

Entry-Level Education: Associate's degree

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When considering a degree in Health Information and Medical Records Technology from Weber State University, one of the most critical factors to evaluate is the return on investment (ROI). This degree offers students a unique blend of healthcare knowledge and technical expertise, making graduates highly sought after in the job market.

The healthcare industry is rapidly evolving, and with it, the demand for skilled professionals who can manage and analyze health information is skyrocketing. By earning a degree in Health Information and Medical Records Technology, you position yourself at the forefront of this booming field. Graduates can expect competitive salaries, with many entry-level positions starting around $50,000 per year, and experienced professionals earning upwards of $80,000 annually.

Weber State University stands out for its comprehensive curriculum, which not only covers the essential aspects of health information management but also integrates advanced technology training. This ensures that students are well-prepared to navigate the complexities of electronic health records (EHR), data analytics, and health information systems. The university’s strong ties to local healthcare facilities provide invaluable internship and job placement opportunities, enhancing the practical experience of students.

Additionally, with healthcare being a critical sector that continues to grow, job stability is another significant aspect of the ROI for this degree. According to the U.S. Bureau of Labor Statistics, employment in health information technology is projected to grow by 8% from 2019 to 2029, much faster than the average for all occupations. This growth translates to numerous opportunities for graduates of Weber State University, ensuring that your investment in education pays off in the long run.

Furthermore, the affordability of Weber State University compared to other institutions makes it an attractive option for students looking to minimize student debt while maximizing career potential. The combination of a reasonable tuition rate, financial aid options, and the potential for high earnings in the workforce positions this degree as a smart financial decision.

In conclusion, pursuing a Health Information and Medical Records Technology degree from Weber State University not only equips you with essential skills and knowledge but also offers a compelling return on investment. With a growing job market, competitive salaries, and a strong support system for students, this degree is an excellent pathway to a rewarding career in healthcare.

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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