Machine Shop Technology Degree from Palm Beach State College Return on Investment

See what the return on investment is for jobs that someone with a Machine Shop Technology degree from Palm Beach State College is likely to work in.

F D C B A
Approximate Total Payment $39,346
Approximate Total Interest $11,136
Monthly Payment $273.23
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 palm beach state college

Machinists

Projection Rating: A-

Median Annual Wage: $50,840

Percentage of Paycheck to Repay: 6.45%-4.80%

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: 5.33%-3.97%

Employment Change: -5.8%

Entry-Level Education: Postsecondary nondegree award

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Investing in your education is a crucial step towards a successful career, and earning a Machine Shop Technology Degree from Palm Beach State College can offer an impressive return on investment (ROI). This degree equips students with the essential skills and knowledge needed to thrive in the manufacturing and machining industries, which are experiencing significant growth.

With a Machine Shop Technology Degree, graduates are prepared for various positions, including machinists, CNC operators, and tool and die makers. These roles often come with competitive salaries and opportunities for advancement, making the financial investment in education worthwhile.

According to industry data, individuals with a degree in machine technology can expect to earn a higher wage than those without formal training. The demand for skilled machinists is on the rise, with many employers seeking qualified candidates to fill critical roles. This demand translates into job security and long-term career growth for graduates.

Additionally, Palm Beach State College offers a supportive learning environment with access to state-of-the-art equipment and expert instructors. This hands-on training enhances employability and helps students stand out in a competitive job market. Furthermore, the college provides career services, including job placement assistance and networking opportunities, further increasing the ROI of the degree.

In summary, obtaining a Machine Shop Technology Degree from Palm Beach State College is not just an educational endeavor; it’s a strategic investment in your future. With the potential for high earning power, strong job prospects, and comprehensive training, this degree can lead to a fulfilling and financially rewarding career in the machining industry.

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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