Machine Tool Technology Degree from Clackamas Community College Return on Investment

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

F D C B A
Approximate Total Payment $43,537
Approximate Total Interest $12,322
Monthly Payment $302.34
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 tool technology from clackamas community college

Machinists

Projection Rating: A-

Median Annual Wage: $50,840

Percentage of Paycheck to Repay: 7.14%-5.31%

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: 5.90%-4.39%

Employment Change: -5.8%

Entry-Level Education: Postsecondary nondegree award

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The decision to pursue a Machine Tool Technology Degree from Clackamas Community College is not just an investment in education; it's a strategic move towards a promising career in a high-demand field. Understanding the return on investment (ROI) associated with this degree can help prospective students make informed decisions about their future.

With the manufacturing industry continuously evolving, skilled professionals in machine tool technology are needed more than ever. Graduates from Clackamas Community College benefit from a comprehensive curriculum that covers essential skills such as CNC programming, machining processes, and quality control. This hands-on training prepares students for real-world applications, making them highly competitive in the job market.

In terms of financial ROI, students can expect a significant return after completing their degree. According to recent labor statistics, entry-level positions in machining often offer competitive salaries, which can grow substantially with experience and additional certifications. Many graduates find employment within months of completing their degree, further enhancing their financial stability.

Furthermore, Clackamas Community College provides robust career support services, including job placement assistance and connections with local industries. This network can lead to internships and job opportunities that not only enhance learning but also provide a direct pathway to employment.

In addition to financial benefits, earning a degree in machine tool technology also offers personal rewards. Graduates often report high job satisfaction due to the fulfilling nature of their work, the excitement of technological advancements, and the opportunity to contribute to innovative manufacturing processes.

In conclusion, pursuing a Machine Tool Technology Degree from Clackamas Community College is a wise investment that promises both financial and personal returns. By equipping yourself with the necessary skills and knowledge in this dynamic field, you are positioning yourself for a successful career with ample 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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