Aerospace, Aeronautical, and Astronautical Space Engineering Degree from Illinois Institute of Technology Return on Investment

See what the return on investment is for jobs that someone with a Aerospace, Aeronautical, and Astronautical Space Engineering degree from Illinois Institute of Technology is likely to work in.

F D C B A
Approximate Total Payment $260,080
Approximate Total Interest $73,611
Monthly Payment $1806.11
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 aerospace, aeronautical, and astronautical space engineering from illinois institute of technology

Aerospace engineers

Projection Rating: B-

Median Annual Wage: $130,720

Percentage of Paycheck to Repay: 16.58%-12.34%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

Mechanical engineers

Projection Rating: C+

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 21.78%-16.21%

Employment Change: 32.1%

Entry-Level Education: Bachelor's degree

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The Aerospace, Aeronautical, and Astronautical Space Engineering Degree from the Illinois Institute of Technology (IIT) offers an exceptional return on investment (ROI) for students seeking a career in one of the most dynamic and innovative fields of engineering. With a comprehensive curriculum that combines theoretical knowledge with practical application, IIT equips graduates with the skills needed to excel in the aerospace industry.

One of the key factors contributing to the impressive ROI of this degree is the university's strong partnerships with leading aerospace companies and organizations. These connections provide students with valuable internship opportunities, real-world experience, and networking prospects that can significantly enhance their employability upon graduation. Graduates from IIT are highly sought after by top employers, ensuring a smooth transition into the workforce.

Furthermore, the aerospace engineering field is experiencing robust growth, with job opportunities projected to increase in the coming years. According to the Bureau of Labor Statistics, employment of aerospace engineers is expected to grow by 8% from 2020 to 2030, which is faster than the average for all occupations. This demand translates into competitive salaries for graduates, making the investment in an IIT degree not only worthwhile but also financially rewarding.

The Illinois Institute of Technology prides itself on its state-of-the-art facilities and cutting-edge research programs. Students engage in hands-on projects, simulations, and labs that prepare them for real-world challenges in aerospace, aeronautical, and astronautical engineering. This practical experience enhances their skill set, making them more attractive to potential employers and increasing their earning potential.

In addition to strong employment outcomes, IIT’s commitment to student support and career services further boosts the ROI of its aerospace engineering degree. The university offers personalized career counseling, resume workshops, and job placement assistance, empowering students to secure lucrative positions in the aerospace industry.

In summary, pursuing an Aerospace, Aeronautical, and Astronautical Space Engineering Degree from the Illinois Institute of Technology represents a strategic investment in your future. With a combination of high-demand skills, robust industry connections, and a supportive academic environment, graduates can expect a strong return on their educational investment, paving the way for a successful and fulfilling career in aerospace engineering.

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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