Respiratory Care Therapy Degree from Ball State University Return on Investment
See what the return on investment is for jobs that someone with a Respiratory Care Therapy degree from Ball State University is likely to work in.
Top job projections for graduates in respiratory care therapy from ball state university
Respiratory therapists
Projection Rating: B+
Median Annual Wage: $77,960
Percentage of Paycheck to Repay: 11.76%-8.75%
Employment Change: 17.5%
Entry-Level Education: Associate's degree
Registered nurses
Projection Rating: B+
Median Annual Wage: $86,070
Percentage of Paycheck to Repay: 10.65%-7.92%
Employment Change: 197.2%
Entry-Level Education: Bachelor's degree
Investing in your education is a significant decision, and choosing a Respiratory Care Therapy degree from Ball State University (BSU) is no exception. This program not only equips you with the skills required to excel in a growing field but also offers a promising return on investment (ROI) that can enhance your career prospects and financial stability.
Ball State University's Respiratory Care Therapy program is designed to provide students with a comprehensive understanding of respiratory care practices, patient management, and advanced technologies in the healthcare sector. Graduates are well-prepared to sit for the National Board for Respiratory Care (NBRC) examinations, a crucial step for becoming a certified respiratory therapist (CRT) or a registered respiratory therapist (RRT).
The ROI of pursuing a degree in Respiratory Care Therapy at BSU is compelling. According to the U.S. Bureau of Labor Statistics, employment for respiratory therapists is projected to grow by 23% from 2020 to 2030, much faster than the average for all occupations. This growth is driven by an aging population and the increasing prevalence of respiratory conditions, ensuring that qualified professionals will be in high demand.
Graduates of BSU's program often secure positions in hospitals, clinics, and rehabilitation facilities, with starting salaries that reflect the specialized skills they acquire. Many graduates report annual earnings well above the national average for all occupations, making the investment in education a financially sound choice.
Furthermore, Ball State University offers various financial aid options, scholarships, and flexible learning formats, making it easier for students to manage the costs associated with their degree. The university's commitment to student success ensures that you’ll receive support throughout your educational journey, enhancing your overall experience.
In summary, choosing to earn a Respiratory Care Therapy degree from Ball State University is not just a path to a rewarding career; it is also a strategic investment in your future. With high job demand, competitive salaries, and robust support systems in place, BSU prepares you to make a significant impact in the healthcare field while enjoying a favorable return on your educational investment.
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.