Machine Tool Technology Degree from Northern Maine Community College Return on Investment

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

F D C B A
Approximate Total Payment $77,532
Approximate Total Interest $21,944
Monthly Payment $538.41
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 northern maine community college

Machinists

Projection Rating: B

Median Annual Wage: $50,840

Percentage of Paycheck to Repay: 12.71%-9.46%

Employment Change: 5%

Entry-Level Education: High school diploma or equivalent

Tool and die makers

Projection Rating: B+

Median Annual Wage: $61,490

Percentage of Paycheck to Repay: 10.51%-7.82%

Employment Change: -5.8%

Entry-Level Education: Postsecondary nondegree award

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The Machine Tool Technology degree from Northern Maine Community College (NMCC) offers an exceptional return on investment for students seeking a rewarding career in the manufacturing industry. With the increasing demand for skilled machinists and technicians, graduates of this program are well-positioned to secure high-paying jobs in various sectors.

Investing in your education is crucial, and NMCC’s Machine Tool Technology program provides a solid foundation for a successful career. The curriculum combines theoretical knowledge with hands-on experience, equipping students with the skills necessary to operate advanced machinery and utilize innovative technologies. This practical approach not only enhances learning but also significantly boosts employability.

Upon graduation, students can expect to find opportunities in fields such as aerospace, automotive, and medical device manufacturing. The program’s strong industry connections help facilitate internships and job placements, further enhancing the return on investment. With competitive starting salaries and the potential for rapid advancement, graduates can quickly recoup their educational expenses.

Moreover, NMCC offers affordable tuition rates, making the Machine Tool Technology degree an economically wise choice. Financial aid options, including scholarships and grants, are available to help alleviate the cost of education. By choosing NMCC, students can achieve their academic and career goals without incurring significant debt.

In conclusion, pursuing a Machine Tool Technology degree from Northern Maine Community College is not just an educational investment; it’s a strategic move towards a stable and lucrative career. With a focus on practical skills, industry relevance, and a supportive learning environment, NMCC prepares its graduates to thrive in a competitive job market. Start your journey today and unlock the potential for a successful future in machine tool technology.

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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