Mechanical Engineering, Mechanical Technology, Technician Degree from University of North Carolina at Charlotte Return on Investment

See what the return on investment is for jobs that someone with a Mechanical Engineering, Mechanical Technology, Technician degree from University of North Carolina at Charlotte is likely to work in.

F D C B A
Approximate Total Payment $90,997
Approximate Total Interest $25,755
Monthly Payment $631.92
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, mechanical technology, technician from university of north carolina at charlotte

Mechanical engineering technologists and technicians

Projection Rating: B+

Median Annual Wage: $64,020

Percentage of Paycheck to Repay: 11.84%-8.81%

Employment Change: 0.8%

Entry-Level Education: Associate's degree

Mechanical engineers

Projection Rating: A-

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 7.62%-5.67%

Employment Change: 32.1%

Entry-Level Education: Bachelor's degree

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If you’re considering a degree in Mechanical Engineering or Mechanical Technology at the University of North Carolina at Charlotte (UNCC), understanding the return on investment (ROI) of your education is crucial. With the ever-evolving landscape of technology and engineering, UNCC offers a robust curriculum designed to equip you with the skills needed to excel in the field.

The Mechanical Engineering and Mechanical Technology programs at UNCC provide hands-on experience, state-of-the-art facilities, and access to industry-leading faculty. Graduates emerge with a comprehensive skill set, making them highly employable in various sectors including automotive, aerospace, manufacturing, and robotics.

One of the key factors in evaluating the ROI of your degree is the earning potential. Graduates from UNCC's Mechanical Engineering program report competitive starting salaries, often exceeding the national average for engineering graduates. Additionally, the demand for skilled technicians and engineers remains high, ensuring that your degree will be a valuable asset in the job market.

Furthermore, UNCC’s strong ties with local and national companies provide students with internship opportunities that can lead to full-time positions upon graduation. These experiences not only enhance your resume but also allow you to build a network of professional contacts in the industry.

Another aspect of ROI to consider is the cost of the degree. UNCC offers competitive tuition rates compared to other institutions, particularly for in-state students. Financial aid options, scholarships, and assistantship programs can further reduce the financial burden, increasing your overall return on investment.

In conclusion, pursuing a Mechanical Engineering or Mechanical Technology degree at the University of North Carolina at Charlotte is a strategic investment in your future. With high earning potential, strong job placement rates, and a supportive educational environment, you can expect a substantial return on your investment that will pay dividends throughout your career.

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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