Machine Shop Technology Degree from Gateway Community and Technical College Return on Investment

See what the return on investment is for jobs that someone with a Machine Shop Technology degree from Gateway Community and Technical College is likely to work in.

F D C B A
Approximate Total Payment $52,932
Approximate Total Interest $14,981
Monthly Payment $367.58
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 machine shop technology from gateway community and technical college

Machinists

Projection Rating: A-

Median Annual Wage: $50,840

Percentage of Paycheck to Repay: 8.68%-6.46%

Employment Change: 5%

Entry-Level Education: High school diploma or equivalent

Tool and die makers

Projection Rating: A-

Median Annual Wage: $61,490

Percentage of Paycheck to Repay: 7.17%-5.34%

Employment Change: -5.8%

Entry-Level Education: Postsecondary nondegree award

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Investing in a Machine Shop Technology Degree from Gateway Community and Technical College is a strategic decision that can lead to significant returns. This specialized program equips students with the hands-on skills and theoretical knowledge necessary to excel in the manufacturing industry. As technology continues to evolve, the demand for skilled machinists and technicians remains high, making this degree a valuable asset.

The return on investment (ROI) for pursuing a Machine Shop Technology Degree is evident in various ways. Graduates can expect competitive salaries, opportunities for advancement, and job stability in a growing field. With a focus on practical training, students gain experience in operating advanced machinery and understanding industry standards, which enhances their employability.

Moreover, the comprehensive curriculum at Gateway Community and Technical College includes courses in CNC machining, blueprint reading, and quality control, ensuring that graduates are well-prepared for the workforce. Many local employers actively seek out graduates from this program, recognizing the quality of education and training provided.

Additionally, the college offers various financial aid options, scholarships, and flexible learning pathways, making it accessible for students from all backgrounds. This support further enhances the ROI, allowing students to graduate with less debt and a clear path to employment.

In summary, a Machine Shop Technology Degree from Gateway Community and Technical College is not just an educational achievement; it is a wise investment in your future. With a robust job market and the skills gained through this program, graduates can look forward to a rewarding career with excellent growth potential.

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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