Medical Radiologic Technology Degree from Ball State University Return on Investment

See what the return on investment is for jobs that someone with a Medical Radiologic Technology degree from Ball State University is likely to work in.

F D C B A
Approximate Total Payment $109,974
Approximate Total Interest $31,126
Monthly Payment $763.71
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 medical radiologic technology from ball state university

Radiation therapists

Projection Rating: A-

Median Annual Wage: $98,300

Percentage of Paycheck to Repay: 9.32%-6.94%

Employment Change: 0.5%

Entry-Level Education: Associate's degree

Radiologic technologists and technicians

Projection Rating: B

Median Annual Wage: $73,410

Percentage of Paycheck to Repay: 12.48%-9.29%

Employment Change: 13.1%

Entry-Level Education: Associate's degree

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The pursuit of a Medical Radiologic Technology Degree from Ball State University presents a significant opportunity for students seeking a rewarding career in the healthcare sector. With the rising demand for skilled radiologic technologists, investing in this degree can yield impressive returns, both financially and professionally.

Graduates of the Medical Radiologic Technology program at Ball State University are well-equipped with essential skills and knowledge, making them highly sought after by employers. The program’s comprehensive curriculum covers critical areas such as imaging techniques, patient care, and radiation safety, ensuring that graduates are not only competent but also confident in their abilities.

One of the key factors contributing to the degree's return on investment is the strong job placement rate among graduates. Many alumni find employment shortly after completing their studies, often in reputable healthcare facilities. According to industry reports, the demand for radiologic technologists is projected to grow, driven by an aging population and advancements in medical imaging technology. This trend translates to job stability and potential for career advancement for graduates.

In terms of financial return, radiologic technologists can expect competitive salaries. According to the U.S. Bureau of Labor Statistics, the median annual wage for radiologic technologists is significantly higher than the national average for all occupations. Furthermore, graduates from Ball State University benefit from the school's robust network of industry connections, enabling them to secure positions that offer not only attractive salaries but also comprehensive benefits packages.

Additionally, Ball State University provides resources and support for students to help them navigate the job market effectively. Career services, internships, and networking opportunities are integral parts of the educational experience, enhancing students' readiness for the workforce and increasing their overall value to potential employers.

In conclusion, obtaining a Medical Radiologic Technology Degree from Ball State University is a strategic investment in one’s future. With a strong curriculum, high job placement rates, competitive salaries, and ample career advancement opportunities, graduates can expect a substantial return on their educational investment, paving the way for a fulfilling career in a growing field.

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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