Automotive Mechanics Technology Degree from Iowa Lakes Community College Return on Investment

See what the return on investment is for jobs that someone with a Automotive Mechanics Technology degree from Iowa Lakes Community College is likely to work in.

F D C B A
Approximate Total Payment $71,702
Approximate Total Interest $20,294
Monthly Payment $497.93
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 automotive mechanics technology from iowa lakes community college

Automotive service technicians and mechanics

Projection Rating: B

Median Annual Wage: $47,770

Percentage of Paycheck to Repay: 12.51%-9.31%

Employment Change: 21.2%

Entry-Level Education: Postsecondary nondegree award

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Investing in your education is a crucial step towards a successful career, and the Automotive Mechanics Technology degree from Iowa Lakes Community College offers exceptional value and a strong return on investment (ROI). This program is designed to equip students with the technical skills and practical knowledge necessary to thrive in the rapidly evolving automotive industry.

With a focus on hands-on training and real-world experience, students learn from experienced instructors using state-of-the-art facilities. Graduates emerge with a comprehensive understanding of automotive systems, diagnostics, and repair techniques, making them highly sought after by employers.

The ROI of an Automotive Mechanics Technology degree is significant. Graduates often find immediate employment in a variety of roles, including automotive technician, service manager, and diagnostic specialist. The demand for skilled automotive professionals continues to grow, ensuring that job prospects remain strong and salaries competitive.

According to industry statistics, automotive technicians can earn an average annual salary of $45,000, with potential for higher earnings as experience and specialization increase. Additionally, many employers offer benefits such as health insurance, retirement plans, and ongoing training, further enhancing the overall financial return of this degree.

By choosing Iowa Lakes Community College, you are not only investing in a quality education but also positioning yourself for a rewarding career in the automotive field. With a commitment to student success and a robust network of industry connections, Iowa Lakes provides the tools you need to maximize your return on investment and excel in your career.

Explore the opportunities that await you with an Automotive Mechanics Technology degree from Iowa Lakes Community College. Your future in the automotive industry starts here!

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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