Autobody Collision and Repair Technology Degree from Wayne Community College Return on Investment

See what the return on investment is for jobs that someone with a Autobody Collision and Repair Technology degree from Wayne Community College is likely to work in.

F D C B A
Approximate Total Payment $36,007
Approximate Total Interest $10,191
Monthly Payment $250.05
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 autobody collision and repair technology from wayne community college

Automotive body and related repairers

Projection Rating: A-

Median Annual Wage: $48,740

Percentage of Paycheck to Repay: 6.16%-4.58%

Employment Change: 2.1%

Entry-Level Education: High school diploma or equivalent

Automotive service technicians and mechanics

Projection Rating: A-

Median Annual Wage: $47,770

Percentage of Paycheck to Repay: 6.28%-4.67%

Employment Change: 21.2%

Entry-Level Education: Postsecondary nondegree award

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Are you considering a career in the automotive industry? The Autobody Collision and Repair Technology degree from Wayne Community College offers a robust curriculum designed to equip you with the skills needed to excel in this dynamic field. But what about the return on investment (ROI) for pursuing this degree? Let’s explore how this program can lead to a rewarding career and financial stability.

One of the most compelling reasons to enroll in the Autobody Collision and Repair Technology program is the high demand for skilled technicians. With the increasing number of vehicles on the road, collision repair professionals are essential for maintaining safety and aesthetics. Graduates of this program often find job opportunities in various settings, including auto body shops, dealerships, and insurance companies.

In terms of financial investment, the cost of enrolling in Wayne Community College is significantly lower than many four-year institutions. By choosing a community college, you can minimize your student debt while receiving high-quality education and hands-on training. Moreover, the program is designed to prepare you for industry certifications, which can further enhance your employability and earning potential.

Statistics show that graduates of the Autobody Collision and Repair Technology program can expect competitive starting salaries. According to industry reports, the average salary for collision repair technicians can range from $40,000 to $60,000 per year, depending on experience and location. With the right skills and certifications, many technicians move up to supervisory or management positions, which can lead to even higher earnings.

Additionally, the ROI for this degree extends beyond immediate financial gains. Graduates acquire valuable skills such as problem-solving, attention to detail, and technical proficiency, which are transferable across various occupations. This versatility can open doors to additional career opportunities within the automotive industry and beyond.

In conclusion, pursuing an Autobody Collision and Repair Technology degree from Wayne Community College is not just an investment in education; it’s a strategic move towards a stable and lucrative career. With a favorable job market, manageable tuition costs, and the potential for significant earnings, this degree offers a compelling return on investment for aspiring automotive professionals.

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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