Mechanical Engineering Degree from University of Alaska Anchorage Return on Investment

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

F D C B A
Approximate Total Payment $68,636
Approximate Total Interest $19,426
Monthly Payment $476.64
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 university of alaska anchorage

Mechanical engineers

Projection Rating: A-

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 5.75%-4.28%

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: 4.38%-3.26%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

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The Mechanical Engineering Degree from the University of Alaska Anchorage (UAA) offers a robust educational foundation that not only equips students with essential engineering skills but also provides a significant return on investment (ROI) for graduates. UAA's program is designed to meet the demands of the modern engineering landscape, ensuring that students are well-prepared for high-paying careers in various industries.

One of the primary factors contributing to the ROI of a mechanical engineering degree from UAA is the competitive starting salary that graduates can expect. According to recent data, mechanical engineering graduates from UAA can earn an average starting salary that is above the national average for similar programs. This financial benefit continues to grow with experience, leading to substantial lifetime earnings.

Additionally, UAA's strong connections with local industries and employers enhance job placement rates for graduates. The university's emphasis on hands-on learning, internships, and cooperative education programs helps students gain real-world experience, making them more attractive to potential employers. This practical exposure not only enriches the educational experience but also significantly boosts employment opportunities upon graduation.

The cost of education is another critical aspect of ROI. The University of Alaska Anchorage offers competitive tuition rates compared to many other institutions. When combined with the potential for high earnings post-graduation, the financial investment in a mechanical engineering degree becomes increasingly worthwhile. UAA also provides various financial aid options, scholarships, and work-study programs to further alleviate the burden of tuition costs.

Moreover, the versatility of a mechanical engineering degree allows graduates to pursue careers in diverse fields such as aerospace, automotive, energy, manufacturing, and robotics. This diversity not only enhances job security but also allows for career growth and advancement opportunities, further improving the overall ROI of the degree.

In conclusion, pursuing a Mechanical Engineering Degree from the University of Alaska Anchorage presents a compelling return on investment. With competitive salaries, strong job placement rates, affordable tuition, and diverse career opportunities, graduates can expect their degree to yield significant long-term benefits. If you are considering a rewarding career in engineering, UAA stands out as a premier choice that will set you on a path to success.

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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