Mathematics and Statistics Degree from Colby College Return on Investment

See what the return on investment is for jobs that someone with a Mathematics and Statistics degree from Colby College is likely to work in.

F D C B A
Approximate Total Payment $447,141
Approximate Total Interest $126,556
Monthly Payment $3105.15
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 mathematics and statistics from colby college

Mathematicians

Projection Rating: D

Median Annual Wage: $116,440

Percentage of Paycheck to Repay: 32.00%-23.81%

Employment Change: 0.1%

Entry-Level Education: Master's degree

Statisticians

Projection Rating: D-

Median Annual Wage: $104,110

Percentage of Paycheck to Repay: 35.79%-26.63%

Employment Change: 3.8%

Entry-Level Education: Master's degree

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When considering higher education, one of the most critical factors for students and parents alike is the return on investment (ROI) of a degree. A Mathematics and Statistics degree from Colby College offers an exceptional ROI, combining rigorous academic training with a strong employment outlook.

Colby College is renowned for its commitment to academic excellence and personalized education. Graduates of the Mathematics and Statistics program acquire analytical skills and problem-solving abilities that are highly sought after in various industries. As the demand for data analysis and quantitative reasoning continues to grow, a degree in this field positions students for lucrative career opportunities.

According to recent employment statistics, Mathematics and Statistics graduates from Colby College have a high rate of employment shortly after graduation, with many securing positions in finance, technology, healthcare, and education. The program's emphasis on practical applications equips students with the tools needed to excel in these competitive fields.

Moreover, the financial investment in a Colby College education is often offset by the high earning potential of its graduates. Alumni from the Mathematics and Statistics program report starting salaries that are significantly above the national average, with many experiencing rapid salary growth as they gain experience in their respective fields.

In addition to strong career prospects, Colby College offers a robust network of alumni who are eager to support recent graduates. This network can provide valuable connections and mentorship opportunities, further enhancing the ROI of a Mathematics and Statistics degree.

In conclusion, a Mathematics and Statistics degree from Colby College not only fosters intellectual growth but also delivers a compelling return on investment. With a combination of strong academic training, excellent job placement rates, and a supportive alumni network, students can feel confident that their education will yield significant rewards in their professional lives.

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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