Licensed Practical/Vocational Nurse Training Degree from Pennsylvania College of Technology Return on Investment

See what the return on investment is for jobs that someone with a Licensed Practical/Vocational Nurse Training degree from Pennsylvania College of Technology is likely to work in.

F D C B A
Approximate Total Payment $142,295
Approximate Total Interest $40,274
Monthly Payment $988.16
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 licensed practical/vocational nurse training from pennsylvania college of technology

Licensed practical and licensed vocational nurses

Projection Rating: B-

Median Annual Wage: $59,730

Percentage of Paycheck to Repay: 19.85%-14.77%

Employment Change: 16.9%

Entry-Level Education: Postsecondary nondegree award

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The decision to pursue a Licensed Practical/Vocational Nurse (LPN/VN) Training Degree from Pennsylvania College of Technology is not just an investment in education; it's a strategic move towards a rewarding career in the healthcare field. With the growing demand for skilled nursing professionals, the ROI on this degree is significant, making it a smart choice for prospective students.

One of the key factors contributing to the high return on investment for the LPN/VN degree is the robust job placement rate of graduates from Pennsylvania College of Technology. The college has established strong connections within the healthcare community, resulting in numerous clinical partnerships that provide students with hands-on experience and increase their employability upon graduation.

Additionally, the salary potential for LPNs and VNs has been consistently rising. According to the U.S. Bureau of Labor Statistics, the median annual wage for licensed practical nurses is competitive, and with experience, many can advance to higher-paying positions or further their education to become registered nurses (RNs). This upward mobility directly enhances the value of the initial investment in your education.

Another factor to consider is the relatively short duration of the LPN/VN program at Pennsylvania College of Technology. Students can complete their degree in just one year, allowing them to enter the workforce quickly and start earning a salary sooner than those pursuing longer degree programs. This accelerated path can significantly improve the overall return on investment by reducing the time spent in school and increasing the time spent gaining practical experience and earning an income.

Furthermore, the college provides comprehensive support services, including career counseling and job placement assistance, ensuring that graduates are well-prepared to enter the workforce. This proactive approach not only enhances the educational experience but also contributes to the overall success of graduates in securing meaningful employment and achieving financial stability.

In conclusion, pursuing a Licensed Practical/Vocational Nurse Training Degree from Pennsylvania College of Technology is a wise investment. With strong job placement rates, competitive salaries, a quick path to employment, and extensive support services, graduates can expect a substantial return on their educational investment, making this program a valuable choice for aspiring healthcare professionals.

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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