Mechanical Engineering Degree from University of Illinois at Chicago Return on Investment

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

F D C B A
Approximate Total Payment $126,812
Approximate Total Interest $35,892
Monthly Payment $880.64
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 illinois at chicago

Mechanical engineers

Projection Rating: B+

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 10.62%-7.90%

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: 8.08%-6.02%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

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The Mechanical Engineering Degree from the University of Illinois at Chicago (UIC) offers an exceptional return on investment (ROI) for students pursuing a career in engineering. With an emphasis on practical skills and cutting-edge technology, UIC’s program equips graduates with the knowledge and experience necessary to thrive in a competitive job market.

Graduates of the Mechanical Engineering program at UIC often see significant financial benefits shortly after entering the workforce. According to recent statistics, UIC engineering graduates earn an average starting salary that surpasses the national average for engineering degrees. This financial advantage is a testament to the university's strong industry connections and the rigorous curriculum that prepares students for real-world challenges.

Moreover, UIC’s location in Chicago—a hub for engineering and technology companies—provides students with ample internship and employment opportunities. Networking with industry professionals during their studies not only enhances their learning experience but also increases their chances of securing high-paying positions post-graduation.

In addition to strong earning potential, the UIC Mechanical Engineering program also emphasizes hands-on learning through laboratory work and collaborative projects. This practical experience not only boosts students' resumes but also cultivates essential problem-solving skills that are highly sought after by employers.

When considering the cost of education, the University of Illinois at Chicago offers competitive tuition rates, making it an accessible option for many students. The combination of affordable education, high starting salaries, and strong job placement rates culminates in a remarkable return on investment for graduates. In fact, many alumni report recouping their educational expenses within just a few years of starting their careers.

In conclusion, a Mechanical Engineering Degree from the University of Illinois at Chicago is not only a pathway to a rewarding career but also a smart financial decision. With a solid return on investment, graduates are well-positioned to achieve both professional success and financial stability in the ever-evolving field of 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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