Engineering Technologies and Engineering-related Fields Degree from Maine Maritime Academy Return on Investment

See what the return on investment is for jobs that someone with a Engineering Technologies and Engineering-related Fields degree from Maine Maritime Academy is likely to work in.

F D C B A
Approximate Total Payment $120,730
Approximate Total Interest $34,171
Monthly Payment $838.41
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 engineering technologies and engineering-related fields from maine maritime academy

Sound engineering technicians

Projection Rating: B-

Median Annual Wage: $59,430

Percentage of Paycheck to Repay: 16.93%-12.60%

Employment Change: -0.1%

Entry-Level Education: Postsecondary nondegree award

Mechanical engineers

Projection Rating: B+

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 10.11%-7.52%

Employment Change: 32.1%

Entry-Level Education: Bachelor's degree

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The Maine Maritime Academy offers a robust curriculum in Engineering Technologies and various engineering-related fields, designed to equip students with the skills and knowledge needed to excel in today’s competitive job market. When considering higher education, especially in specialized fields like engineering, understanding the return on investment (ROI) is crucial.

Graduating from Maine Maritime Academy provides students with a unique blend of theoretical knowledge and practical application. With a focus on hands-on learning, students engage in real-world projects that prepare them for immediate employment upon graduation. This practical experience is highly valued by employers, leading to higher starting salaries and excellent job placement rates.

The ROI of an Engineering Technologies degree from Maine Maritime Academy is evident through several key factors:

  • High Employment Rates: Graduates have a strong track record of securing jobs in various engineering sectors, including marine engineering, electrical engineering, and mechanical engineering.
  • Competitive Salaries: Engineering graduates can expect to earn competitive salaries that often exceed the national average, providing a strong financial return on their educational investment.
  • Networking Opportunities: The academy’s connections within the maritime and engineering industries foster valuable networking opportunities, helping students to build relationships that can lead to internships and job offers.
  • Accredited Programs: Maine Maritime Academy's programs are accredited, ensuring that the education received meets high-quality standards recognized by employers and professional organizations.

Furthermore, Maine Maritime Academy’s location and focus on maritime-related engineering provide unique opportunities for internships and co-op experiences, further enhancing employability and return on investment.

In summary, pursuing a degree in Engineering Technologies and engineering-related fields at Maine Maritime Academy not only prepares students for rewarding careers but also offers significant financial returns. With strong job placement rates, competitive starting salaries, and valuable industry connections, the ROI of an education from Maine Maritime Academy is both compelling and advantageous.

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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