Music Teacher Education Degree from Drake University Return on Investment

See what the return on investment is for jobs that someone with a Music Teacher Education degree from Drake University is likely to work in.

F D C B A
Approximate Total Payment $223,210
Approximate Total Interest $63,176
Monthly Payment $1550.07
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 music teacher education from drake university

Art, drama, and music teachers, postsecondary

Projection Rating: D

Median Annual Wage: $80,360

Percentage of Paycheck to Repay: 34.72%-25.84%

Employment Change: 3.5%

Entry-Level Education: Master's degree

Music directors and composers

Projection Rating: C-

Median Annual Wage: $62,590

Percentage of Paycheck to Repay: 29.72%-22.11%

Employment Change: 1.4%

Entry-Level Education: Bachelor's degree

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If you're considering a Music Teacher Education Degree from Drake University, understanding the return on investment (ROI) is crucial for making an informed decision about your future. Drake University offers a comprehensive program that not only equips students with the necessary skills to thrive in the classroom but also positions them for competitive career opportunities in the field of music education.

One of the most significant aspects of the ROI for a Music Teacher Education Degree is the quality of education received from a reputable institution like Drake University. With experienced faculty members, a rich curriculum, and access to state-of-the-art facilities, students benefit from an immersive educational experience that fosters both personal and professional growth.

Graduates from Drake’s Music Teacher Education program often find themselves well-prepared for various roles in music education, including positions as public school music teachers, private instructors, and community music leaders. The demand for qualified music educators remains strong, which translates to job security and potential for career advancement.

Financially, the ROI of obtaining a degree from Drake is evident through competitive starting salaries for graduates. According to recent statistics, music educators can expect to earn a solid income that grows with experience and additional qualifications. Moreover, graduates often find that their degree opens doors to additional opportunities, such as music therapy, conducting, and even administrative roles within educational institutions.

Additionally, Drake University’s extensive alumni network provides valuable connections that can further enhance career prospects, leading to mentorship and job placement opportunities that can maximize your earning potential.

Investing in a Music Teacher Education Degree from Drake University is not just a commitment to education; it's a strategic move towards a fulfilling and financially rewarding career in music education. By choosing Drake, you're setting yourself up for success in a vibrant and impactful field, ensuring that your passion for music translates into a lifetime of opportunities.

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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