Tool and Die Technology Degree from Northeast Alabama Community College Return on Investment

See what the return on investment is for jobs that someone with a Tool and Die Technology degree from Northeast Alabama Community College is likely to work in.

F D C B A
Approximate Total Payment $41,076
Approximate Total Interest $11,626
Monthly Payment $285.25
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 tool and die technology from northeast alabama community college

Tool and die makers

Projection Rating: A-

Median Annual Wage: $61,490

Percentage of Paycheck to Repay: 5.57%-4.14%

Employment Change: -5.8%

Entry-Level Education: Postsecondary nondegree award

Machinists

Projection Rating: A-

Median Annual Wage: $50,840

Percentage of Paycheck to Repay: 6.73%-5.01%

Employment Change: 5%

Entry-Level Education: High school diploma or equivalent

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The Tool and Die Technology Degree from Northeast Alabama Community College (NACC) offers an exceptional opportunity for students looking to enter the manufacturing industry. With the demand for skilled technicians at an all-time high, investing in this degree can lead to a significant return on investment (ROI) for graduates.

One of the key advantages of pursuing a Tool and Die Technology Degree at NACC is the hands-on training provided in state-of-the-art facilities. Students gain practical experience with the latest tools and technologies used in the industry, ensuring they are job-ready upon graduation. This hands-on approach not only enhances learning but also increases employability and potential earnings.

According to industry reports, graduates with a Tool and Die Technology Degree can expect competitive salaries, often ranging from $40,000 to $70,000 annually, depending on their skill level and experience. Many employers actively seek out NACC graduates due to the college's reputation for producing highly skilled professionals. This demand translates into job security and growth opportunities within the field, further enhancing the ROI of the degree.

Furthermore, the cost of attending NACC is significantly lower than many four-year institutions, allowing students to graduate with less debt. This affordability combined with the high earning potential creates a favorable financial scenario for graduates. Many students report that they recoup their educational expenses within just a few years of entering the workforce.

In addition to the financial benefits, obtaining a Tool and Die Technology Degree also opens doors to various career paths. Graduates can pursue roles such as tool and die maker, CNC machinist, and manufacturing technician, among others. This diversity in career options ensures that students can find a niche that fits their interests and skills.

In summary, the Tool and Die Technology Degree from Northeast Alabama Community College not only equips students with the necessary skills for a successful career in manufacturing but also provides a substantial return on investment. With its combination of practical training, strong job placement rates, and competitive salaries, NACC is an excellent choice for aspiring professionals in the tool and die industry.

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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