Mechanic and Repair Technologies Degree from Pennsylvania College of Technology Return on Investment

See what the return on investment is for jobs that someone with a Mechanic and Repair Technologies 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 mechanic and repair technologies from pennsylvania college of technology

Maintenance and repair workers, general

Projection Rating: C-

Median Annual Wage: $46,700

Percentage of Paycheck to Repay: 25.39%-18.89%

Employment Change: 81.8%

Entry-Level Education: High school diploma or equivalent

Industrial machinery mechanics

Projection Rating: B-

Median Annual Wage: $61,420

Percentage of Paycheck to Repay: 19.31%-14.37%

Employment Change: 73.8%

Entry-Level Education: High school diploma or equivalent

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Are you considering a degree in Mechanic and Repair Technologies from Pennsylvania College of Technology? Understanding the return on investment (ROI) for your education is crucial in making an informed decision about your future. This program combines hands-on training with theoretical knowledge, equipping students with the skills necessary for a successful career in the automotive and repair industries.

The Mechanic and Repair Technologies degree focuses on modern automotive technologies, offering students exposure to the latest tools and techniques used in the field. Graduates of this program often secure employment in various roles, including automotive service technicians, diesel mechanics, and repair shop managers. With the demand for skilled technicians on the rise, the job prospects for graduates are promising.

Financially, investing in a Mechanic and Repair Technologies degree can yield significant benefits. Graduates typically enjoy competitive salaries, with many earning well above the national average for various technical positions. According to industry reports, the average salary for automotive service technicians ranges from $40,000 to $60,000 annually, depending on experience and location. By understanding the potential earnings, students can better gauge the value of their education.

Additionally, Pennsylvania College of Technology has strong connections with local industries, providing students with valuable internship opportunities that can lead to job placements after graduation. These partnerships not only enhance hands-on learning experiences but also contribute to a smoother transition into the workforce, ultimately increasing the ROI of your degree.

Furthermore, the college offers financial aid options, scholarships, and flexible learning schedules, making it accessible for a wide range of students. By reducing the financial burden, students can focus more on their education and less on costs, improving their overall return on investment.

In conclusion, a Mechanic and Repair Technologies degree from Pennsylvania College of Technology offers an excellent return on investment, combining effective training, promising job opportunities, and supportive financial options. If you are passionate about automotive technology and ready to invest in your future, this program could be the perfect fit for you.

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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