For many, the cost and time needed to obtain a college degree are simply not plausible. For those people, there are vocational schools that offer programs in such fields as medical billing and coding.

Medical Billing and Coding

Medical billers and coders are an essential part of all medical practices. These individuals enter a diagnosis and a fee, both called "codes." These are then billed to the patient's insurance company or the patients themselves.

Web-Based Training

Online training to become a licensed medical biller and coder typically costs around $2,000 for a two-year program as of October, 2010, according to Medical Coding Experts. Books, registration fees and administrative fees are extra.

On-Site Training

For those who prefer hands-on learning as opposed to online, there are a plethora of schools available that offer programs in medical billing and coding. The time frame and costs are extremely similar.

Earning Potential

According to Medical Billing and Coding, "With the correct medical billing training program at the right medical coding schools, students can usually make between $35,000 and $45,000 a year." Upon completion and certification, many work from home with cooperation from medical offices.