Mechanical Engineering Degree from Northern Illinois University Return on Investment

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

F D C B A
Approximate Total Payment $140,998
Approximate Total Interest $39,907
Monthly Payment $979.16
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 mechanical engineering from northern illinois university

Mechanical engineers

Projection Rating: B+

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 11.81%-8.79%

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: 8.99%-6.69%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

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Investing in a Mechanical Engineering Degree from Northern Illinois University (NIU) offers a substantial return on investment (ROI) that can significantly enhance your career prospects and earning potential. With a reputation for academic excellence and a robust engineering program, NIU prepares its graduates to excel in various industries, including automotive, aerospace, manufacturing, and renewable energy.

Graduates of NIU's Mechanical Engineering program benefit from a comprehensive curriculum that combines theoretical knowledge with practical experience. This hands-on approach equips students with the skills needed to tackle real-world engineering challenges, making them highly desirable to employers.

According to recent data, graduates with a Mechanical Engineering degree can expect an average starting salary that is competitive within the field. The investment in your education not only pays off in terms of initial earnings but also in long-term career advancement opportunities. Many NIU alumni report significant salary increases just a few years into their careers, reflecting the high demand for skilled engineers in the job market.

Furthermore, NIU offers various resources to help students maximize their ROI, including career services, internships, and networking opportunities with industry professionals. These resources not only enhance your learning experience but also pave the way for successful job placements after graduation.

In addition to financial benefits, a Mechanical Engineering degree from NIU prepares you for a fulfilling career where you can contribute to innovative projects and make a difference in society. From designing sustainable technologies to improving manufacturing processes, the skills you acquire will empower you to drive change and advance in your career.

Overall, choosing to pursue a Mechanical Engineering Degree from Northern Illinois University is a strategic investment in your future, offering both immediate and long-term benefits. With a strong ROI, you can feel confident that your education will open doors to a 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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