Automotive Mechanics Technology Degree from Wayne Community College Return on Investment

See what the return on investment is for jobs that someone with a Automotive Mechanics 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 automotive mechanics technology from wayne community college

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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The Automotive Mechanics Technology Degree from Wayne Community College offers an exceptional return on investment (ROI) for students eager to enter the automotive industry. With the growing demand for skilled technicians, this program equips graduates with the essential skills and knowledge needed to excel in various automotive repair and maintenance roles.

Investing in your education at Wayne Community College not only provides you with hands-on training in state-of-the-art facilities but also connects you with industry professionals who can help jumpstart your career. Graduates of the program often secure employment shortly after completing their degree, leading to a steady stream of income and job stability in a thriving field.

According to industry reports, automotive technicians can earn competitive salaries, with many positions offering benefits such as health insurance, retirement plans, and opportunities for advancement. The practical skills gained during the Automotive Mechanics Technology program ensure that students are job-ready, making graduates highly sought after by employers.

Furthermore, Wayne Community College offers various financial aid options, including scholarships and grants, to help offset tuition costs, making it an even more attractive choice for aspiring mechanics. This financial support, combined with the high earning potential in the automotive field, results in a favorable ROI for students.

In conclusion, pursuing an Automotive Mechanics Technology Degree at Wayne Community College is not just an educational endeavor; it’s a strategic investment in your future. With the promise of strong job prospects, competitive salaries, and the potential for career growth, this program lays the groundwork for a successful and fulfilling career in the automotive industry.

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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