Industrial Mechanics and Maintenance Technology Degree from Lakes Region Community College Return on Investment

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

F D C B A
Approximate Total Payment $100,099
Approximate Total Interest $28,332
Monthly Payment $695.13
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 industrial mechanics and maintenance technology from lakes region community college

Industrial machinery mechanics

Projection Rating: B

Median Annual Wage: $61,420

Percentage of Paycheck to Repay: 13.58%-10.11%

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: 14.55%-10.82%

Employment Change: 4.6%

Entry-Level Education: High school diploma or equivalent

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Investing in your education is a significant decision, and when it comes to pursuing a degree in Industrial Mechanics and Maintenance Technology at Lakes Region Community College (LRCC), the potential return on investment (ROI) is impressive. This program not only equips students with essential skills but also opens doors to a variety of rewarding career opportunities in a thriving industry.

The Industrial Mechanics and Maintenance Technology program at LRCC focuses on practical training and hands-on experience, ensuring graduates are job-ready. Students learn vital competencies such as machine operation, maintenance procedures, and troubleshooting techniques, making them valuable assets to employers in manufacturing, construction, and other sectors.

One of the standout benefits of earning this degree is the strong job placement rate among graduates. With the demand for skilled industrial mechanics on the rise, students can expect to secure well-paying positions shortly after completing their studies. According to industry reports, individuals with a degree in this field can earn competitive salaries, often exceeding the average income for many other professions.

Moreover, LRCC provides excellent support services, including career counseling and job placement assistance, which further enhances the ROI of this degree. Graduates benefit from networking opportunities with local businesses and access to resources that facilitate their transition into the workforce.

In addition to immediate employment opportunities, graduates can pursue further education and certifications, increasing their earning potential and career advancement prospects. Continuous education in specialized areas can lead to supervisory roles or specialized technician positions, amplifying the long-term benefits of the initial investment in their education.

In conclusion, choosing to earn an Industrial Mechanics and Maintenance Technology degree from Lakes Region Community College is a strategic investment in your future. With a comprehensive curriculum, strong job placement rates, and opportunities for career advancement, students can expect a substantial return on their investment, both financially and professionally.

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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