Physics Degree from University of Michigan – Dearborn Return on Investment

See what the return on investment is for jobs that someone with a Physics degree from University of Michigan – Dearborn is likely to work in.

F D C B A
Approximate Total Payment $268,784
Approximate Total Interest $76,075
Monthly Payment $1866.56
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 physics from university of michigan - dearborn

Physicists

Projection Rating: B

Median Annual Wage: $155,680

Percentage of Paycheck to Repay: 14.39%-10.71%

Employment Change: 1.5%

Entry-Level Education: Doctoral or professional degree

Astronomers

Projection Rating: B-

Median Annual Wage: $127,930

Percentage of Paycheck to Repay: 17.51%-13.03%

Employment Change: 0.2%

Entry-Level Education: Doctoral or professional degree

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When considering a Physics degree from the University of Michigan – Dearborn, understanding the return on investment (ROI) is crucial for prospective students and their families. This degree not only equips graduates with a solid foundation in the principles of physics but also opens doors to a wide range of career opportunities in various fields such as engineering, education, research, and technology.

The University of Michigan – Dearborn offers a comprehensive physics program that combines rigorous coursework with hands-on laboratory experience. Graduates emerge with critical thinking and problem-solving skills that are highly sought after by employers. According to recent data, alumni from this program experience competitive starting salaries, with many entering the workforce in high-demand sectors.

Investing in your education is a significant decision, and the University of Michigan – Dearborn is committed to providing its students with not only an excellent education but also valuable career support services. With access to internships, co-op programs, and networking opportunities, students can enhance their resumes and make valuable industry connections, ultimately increasing their earning potential.

Furthermore, the university's strong reputation and alumni network can significantly impact job placement rates. Graduates often find themselves in positions that leverage their physics background, resulting in fulfilling careers and a strong return on their educational investment.

In summary, a Physics degree from the University of Michigan – Dearborn presents a valuable opportunity for students looking to make a meaningful investment in their future. By weighing the costs against the potential benefits, including high starting salaries and diverse career paths, students can make informed decisions that align with their professional goals and aspirations.

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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