Heavy Industrial Equipment Maintenance Technologies Degree from Ranken Technical College Return on Investment

See what the return on investment is for jobs that someone with a Heavy Industrial Equipment Maintenance Technologies 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 heavy industrial equipment maintenance technologies from ranken technical college

Industrial machinery mechanics

Projection Rating: B-

Median Annual Wage: $61,420

Percentage of Paycheck to Repay: 15.36%-11.43%

Employment Change: 73.8%

Entry-Level Education: High school diploma or equivalent

Maintenance workers, machinery

Projection Rating: B-

Median Annual Wage: $57,350

Percentage of Paycheck to Repay: 16.45%-12.24%

Employment Change: 4.6%

Entry-Level Education: High school diploma or equivalent

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Investing in a degree in Heavy Industrial Equipment Maintenance Technologies from Ranken Technical College is not just an educational choice; it's a strategic financial decision that promises substantial returns. With a curriculum designed to meet the demands of the ever-evolving industrial sector, graduates emerge with the skills and knowledge necessary to excel in high-demand roles.

The return on investment (ROI) for pursuing this degree is evident in various ways. Firstly, the program equips students with hands-on experience and cutting-edge technical skills, making them highly attractive to employers in the heavy equipment industry. This demand translates into competitive salaries and job security, key components of a solid ROI.

Furthermore, Ranken Technical College's strong industry connections facilitate internships and job placements, enhancing the likelihood of employment immediately after graduation. Many graduates report job offers with salaries that significantly exceed their educational investment, further solidifying the program's value.

Additionally, as industries increasingly rely on advanced technologies and automation, professionals with specialized knowledge in heavy industrial equipment maintenance are becoming invaluable. Graduates can expect opportunities for career advancement, which can lead to higher income potential over time.

Moreover, Ranken’s commitment to student success extends beyond the classroom. The college offers career services and networking opportunities, helping students to build connections within the industry that can further enhance their earning potential.

In conclusion, the Heavy Industrial Equipment Maintenance Technologies degree from Ranken Technical College is a smart investment for those looking to launch or advance their careers in a field with robust growth prospects. With its combination of hands-on training, industry connections, and a focus on emerging technologies, students can confidently expect a significant return on their educational investment.

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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