Mechanic and Repair Technologies Degree from Ranken Technical College Return on Investment

See what the return on investment is for jobs that someone with a Mechanic and Repair Technologies degree from Ranken Technical College is likely to work in.

F D C B A
Approximate Total Payment $113,221
Approximate Total Interest $32,045
Monthly Payment $786.26
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 ranken technical college

Maintenance and repair workers, general

Projection Rating: C+

Median Annual Wage: $46,700

Percentage of Paycheck to Repay: 20.20%-15.03%

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: 15.36%-11.43%

Employment Change: 73.8%

Entry-Level Education: High school diploma or equivalent

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Investing in your future with a Mechanic and Repair Technologies degree from Ranken Technical College can yield significant returns. As the automotive industry continues to evolve, skilled technicians are in high demand, offering promising job stability and competitive salaries. Ranken Technical College’s program equips students with hands-on experience and advanced knowledge necessary for a successful career in mechanics and repair technologies.

Graduates of Ranken’s program often find employment in various sectors, including automotive repair shops, dealerships, and even specialized fields such as diesel mechanics and collision repair. The college’s strong industry partnerships enhance job placement opportunities, ensuring that students are well-prepared to enter the workforce upon graduation.

With an increasing reliance on technology in vehicles, those with a comprehensive understanding of both mechanical principles and modern diagnostic tools are particularly sought after. This degree not only provides foundational skills but also teaches students how to adapt to new technologies, ensuring their relevance in a rapidly changing industry.

Moreover, the return on investment (ROI) for graduates is substantial. Many graduates report starting salaries that exceed national averages, with opportunities for advancement as they gain experience. The skills learned at Ranken can lead to long-term careers in a dynamic field, offering both personal satisfaction and financial stability.

Choosing to pursue a Mechanic and Repair Technologies degree from Ranken Technical College is more than just an educational decision; it’s an investment in a rewarding future. With the right training and support, graduates are positioned to thrive in a career that is both fulfilling and financially advantageous.

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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