Certificate in Allied Health and Medical Assisting Services. — ROI at Berkeley College-Woodland Park

NJ  ·  Based on U.S. Department of Education College Scorecard data

Financial Breakdown for Allied Health and Medical Assisting Services. at Berkeley College-Woodland Park

Net Annual Cost

$38,702

After grants & scholarships


$0

Median Earnings

$29,863

Median salary after graduation

Net Debt

$10,415

After personal savings applied


$0

20-Year Net ROI Projection

Gross Earnings (20 years)

$29,863 × 20 years

+$597,260

Total 1-Year Cost

$38,702 × 1 years

−$38,702

Estimated Debt Payoff Includes estimated interest over a standard 10-year repayment plan.

$10,415 principal × 1.35 (interest)

−$14,060

Baseline Opportunity Cost The estimated earnings you would make with a high school diploma over 20 years ($42,000/yr), which you forfeit while studying.

$42,000 median no-degree salary × 20 years

−$840,000

20-Year Net ROI

-$295,502

Graduation Rate

44.4%

of students complete their degree

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How we calculate ROI

20-Year Net ROI = Gross Earnings − Total 1-Year Cost − Estimated Debt Payoff − Baseline Opportunity Cost

Baseline assumes $42,000/yr median earnings without a college degree. Debt payoff uses a 1.35× multiplier to account for interest over a standard repayment period.

Data sourced from the U.S. College Scorecard.