Mechanical Engineering Degree from University of North Florida Return on Investment

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

F D C B A
Approximate Total Payment $101,375
Approximate Total Interest $28,693
Monthly Payment $703.99
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 north florida

Mechanical engineers

Projection Rating: A-

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 8.49%-6.32%

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: 6.46%-4.81%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

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The Mechanical Engineering degree from the University of North Florida (UNF) offers a compelling return on investment (ROI) for students seeking a rewarding career in a dynamic field. With a curriculum designed to provide both theoretical knowledge and practical skills, graduates are well-equipped to enter the workforce and excel in various industries.

One of the key factors contributing to the ROI of a Mechanical Engineering degree from UNF is the university's strong emphasis on hands-on learning. Through state-of-the-art laboratories and industry partnerships, students gain valuable experience that enhances their employability. This practical exposure not only enriches the educational experience but also prepares graduates to meet the demands of employers in the engineering sector.

Additionally, the demand for mechanical engineers continues to grow, making this degree a smart investment for future job security. According to the U.S. Bureau of Labor Statistics, employment of mechanical engineers is projected to grow 4% from 2019 to 2029, which translates to thousands of new job opportunities. Graduates from UNF can expect competitive starting salaries, with many earning well above the national average for new graduates.

Moreover, the University of North Florida boasts a robust career services department that assists students in securing internships and job placements. These resources not only facilitate a smoother transition into the workforce but also help graduates build a strong professional network, further enhancing their career prospects and long-term earning potential.

In conclusion, pursuing a Mechanical Engineering degree from the University of North Florida is a wise investment for students. With a combination of rigorous academic training, practical experience, and strong job placement support, graduates can look forward to a bright future in an in-demand field, reaping significant returns on their educational investment.

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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