Appliance Installation and Repair Technology Degree from Ranken Technical College Return on Investment

See what the return on investment is for jobs that someone with a Appliance Installation and Repair Technology degree from Ranken Technical College is likely to work in.

F D C B A
Approximate Total Payment $113,221
Approximate Total Interest $32,045
Monthly Payment $786.26
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 appliance installation and repair technology from ranken technical college

Home appliance repairers

Projection Rating: C+

Median Annual Wage: $47,170

Percentage of Paycheck to Repay: 20.00%-14.88%

Employment Change: 0.3%

Entry-Level Education: High school diploma or equivalent

Maintenance and repair workers, general

Projection Rating: C+

Median Annual Wage: $46,700

Percentage of Paycheck to Repay: 20.20%-15.03%

Employment Change: 81.8%

Entry-Level Education: High school diploma or equivalent

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Investing in your education can yield significant returns, especially when it comes to specialized fields like appliance installation and repair. Ranken Technical College offers a comprehensive degree program that equips students with the skills needed to excel in the rapidly evolving appliance repair industry. But what is the return on investment (ROI) for pursuing this degree?

First, consider the demand for skilled technicians. As more households and businesses rely on advanced appliances, the need for qualified professionals continues to grow. Graduates from Ranken Technical College are highly sought after by employers for their hands-on training and technical expertise, leading to higher job placement rates and competitive starting salaries.

In addition to strong job prospects, the program at Ranken emphasizes practical experience, allowing students to work on real-world projects. This not only enhances learning but also builds a professional portfolio that can impress potential employers. Graduates often find themselves in positions that offer benefits and opportunities for advancement, further increasing their lifetime earning potential.

Moreover, the cost of education at Ranken is designed to be manageable. With various financial aid options, including scholarships and grants, students can minimize their debt while gaining valuable skills that lead to a stable career. The lower tuition cost, combined with the high earning potential in the field, contributes to a favorable ROI for graduates.

Finally, the ongoing need for appliance repair services ensures that graduates will have opportunities to continue their education and training, allowing them to stay competitive in the market. This commitment to lifelong learning can lead to new career paths and increased earnings over time.

In conclusion, pursuing an Appliance Installation and Repair Technology degree from Ranken Technical College is not just an investment in education; it’s an investment in a rewarding career. With strong job prospects, practical training, manageable tuition, and the possibility for continuous growth, the ROI for this degree is substantial, making it a smart choice for those looking to enter the workforce with confidence.

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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