Funding Your Bachelor Degree Education

For the average working adult, going back to school can be one of the largest investments he will make in his life. But if you have some time before you pursue your studies, instead of applying for a bank loan, why not let time and capital work for you. Even if you plan to pursue a bachelor degree in the near future, say, in three years more, you can still save for it.

First of all, you need to have a target amount. Usually, the course fees represent a large portion of the cost. Other costs are examination fees and living expenses for those who come from other towns.

Some students may choose to study full time so that they can focus on their studies. In this case, if your employer doesn’t give you paid time off to do your studies, your budget will increase significantly, as you now have to account for your entire living expenses. In addition to that, you’ll still have to continue paying for things like insurance, car, mortgage, credit card as well as utility bills.

However, expenses can be higher if the course is done part time, as the person has less time to devote to his studies. As a result, he may have to prolong the program or even have to re-sit some papers, which means additional examination fees.

How much time you have to put aside the money depends on when you plan on taking up the program. When is the ideal time to start? To get more out of a bachelor degree, it would be good to have real world working experience of two to three years, on which to reflect upon when you’re doing the units.

At least three years of working experience would be good but you shouldn’t wait too long as the motivation level will drop. Even if you commence your studies in three years, you don’t have to pay the money in one lump sum. You can save through the study period as well which, gives you more time to accumulate funds.

Many education centers and colleges have worked out interest free schemes that you can use to your benefit. You can let your money work for you while you use the interest free payment option.

There is also an option for students to pay their fees in the monthly payments over the period of study and if the amount is paid in a lump sum, students are given a rebate. Another option is a scheme in collaboration with a bank, where students pay few hundred dollars at the start of the program and nothing else for two years. Thereafter, they have the option to repay in installments upon completing their studies.

Finally, you need to work backwards; given the number of years, inflation rate and a projected rate of return to come up with how much you need to put aside regularly. However, inflation may not have a large impact if your study period is short.

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Top Schools for Medical Transcription Students

Medical transcriptionists, also referred to as medical terminology stenographers, transcribe verbal records created by doctors and other health care professionals. Once transcribed, these records are used for administrative purposes and to create medical reports. To secure employment as a medical transcriptionist, a person must enroll in the appropriate courses and obtain a two-year associate’s degree or a one-year diploma. The Association of Healthcare Documentation Integrity-AHDI-evaluates and rates the curriculum of medical transcription schools. The standard set by the AHDI requires that such schools offer courses in medical ethics and law, medical transcription technology, laboratory medicine, pharmacology, disease concepts, and medical grammar. The following are some of the top medical transcription schools from which one can choose:

Central Texas College

Central Texas College provides a distance learning program in medical terminology stenography. The college is an accredited community college and offers open admission to qualified students. Courses at Central Texas College include physiology, transcription, medical terminology, keyboarding, and proofreading.

Medical Transcription Education Center

The Medical Transcription Education Center-M-Tec-was the first transcription school to receive ADHI approval. M-Tec is considered by many educators as one of the best options for students who have no previous experience in the healthcare field and those who are entering the medical field from an unrelated profession. M-Tec offers on-campus or online courses and the school’s instructors work closely with each student during his or her studies. In addition, faculty members help graduates find suitable employment after their degree is earned. Many medical practices will only consider job candidates with prior experience, and for this reason will not hire recent graduates. However, many employers waive this requirement for M-Tec students due to the school’s excellent reputation.

Andrews School

Founded in 1989, the Andrews School is an AHDI approved learning institution that offers students from all walks of life a high quality education in the field of medical terminology stenography. A very high percentage of Andrews School graduates have successfully obtained gainful employment in the healthcare field. Students and can train via distance learning or attend one of the school’s traditional college campuses.

Medline School of Medical Transcription

The Medline School of Medical Transcription-MSMT-is an accredited school that offers one-year or two-year online programs. The school’s instructors are certified transcriptionists who are still actively working in the field. Therefore, students learn from instructors with a high level of practical experience. In addition, students can qualify for paid internship programs which gives them a way to offset tuition costs.

Career Step

Career Step is an accredited medical transcription school that has been given AHDI approval. Students can take courses online or on-site through Career Step’s affiliation with community colleges across the country. Online courses are available to students in the United States, the Philippines, South Africa, Australia, and Canada.

Employment Outlook

According to the United States Bureau of Labor Statistics, a fourteen percent job increase is expected by 2016 in the medical transcription field. It is for this reason medical transcription schools will most likely see an increase in …