Mechanical Engineering Degree from Northern Arizona University Return on Investment

See what the return on investment is for jobs that someone with a Mechanical Engineering degree from Northern Arizona University is likely to work in.

F D C B A
Approximate Total Payment $113,776
Approximate Total Interest $32,202
Monthly Payment $790.11
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 mechanical engineering from northern arizona university

Mechanical engineers

Projection Rating: A-

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 9.53%-7.09%

Employment Change: 32.1%

Entry-Level Education: Bachelor's degree

Aerospace engineers

Projection Rating: A-

Median Annual Wage: $130,720

Percentage of Paycheck to Repay: 7.25%-5.40%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

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Investing in your education is a significant decision, and a Mechanical Engineering degree from Northern Arizona University (NAU) offers a compelling return on investment (ROI). With a strong focus on practical skills and theoretical knowledge, NAU prepares students for a successful career in a high-demand field.

According to recent data, graduates with a Mechanical Engineering degree can expect competitive starting salaries that often exceed the national average. NAU's program not only equips students with essential engineering principles but also emphasizes hands-on experience through labs and projects, enhancing employability and skill mastery.

Furthermore, NAU's robust network of industry partnerships provides students with valuable internship and job placement opportunities, further boosting their earning potential. Many graduates find positions in diverse industries, including automotive, aerospace, renewable energy, and manufacturing, which are all known for their lucrative career paths.

The relatively low tuition rates at NAU compared to other institutions in the region make the Mechanical Engineering degree an even more attractive option. When you consider the potential salary post-graduation against the investment in education, it becomes clear that students can recoup their costs and achieve financial stability in a shorter timeframe.

Additionally, NAU's commitment to student support services, including career counseling and academic advising, ensures that students are well-prepared to navigate the job market upon graduation. This support can significantly enhance the overall ROI of your degree.

In conclusion, a Mechanical Engineering degree from Northern Arizona University presents a strong return on investment through competitive salaries, industry connections, and valuable support services. By choosing NAU, you're not just earning a degree; you're paving the way for a successful and rewarding career in engineering.

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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