Analysis
A debt-to-earnings ratio of 0.28 suggests manageable borrowing for this technical credential, though the figures here are drawn from national peer programs rather than Craven's actual graduate outcomes. At an estimated $11,562 in debt against first-year earnings around $41,500, a graduate would be looking at monthly payments representing roughly 6-7% of gross income—well within the recommended threshold for student loans.
What's worth noting is how these national estimates compare to North Carolina's precision metalworking market. Similar programs across the state typically produce first-year earnings around $40,000, with Central Piedmont's graduates starting at roughly that level. This suggests the $41,500 estimate may be reasonable for North Carolina, though skilled trades wages can vary significantly by regional demand and specific employer base. New Bern's manufacturing sector and proximity to military installations could create opportunities that differ from state averages.
The real question is whether this specific program connects students to local employers effectively—something the sparse data can't answer. For an associate degree in a hands-on field like precision metalworking, job placement rates and employer partnerships matter as much as the debt burden. If Craven has strong relationships with regional manufacturers, the investment looks sound. Without that direct pipeline, families should verify what percentage of graduates actually land in the field before committing.
Where Craven Community College Stands
Earnings vs. debt across all precision metal working associates's programs nationally
Compare to Similar Programs in North Carolina
Precision Metal Working associates's programs at peer institutions in North Carolina (42 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $2,022 | $41,504* | — | $11,562* | — | |
| $2,792 | $40,149* | $46,439 | —* | — | |
| National Median | — | $41,504* | — | $12,000* | 0.29 |
Career Paths
Occupations commonly associated with precision metal working graduates
Sheet Metal Workers
Machinists
Tool and Die Makers
Welders, Cutters, Solderers, and Brazers
Extruding and Drawing Machine Setters, Operators, and Tenders, Metal and Plastic
Forging Machine Setters, Operators, and Tenders, Metal and Plastic
Rolling Machine Setters, Operators, and Tenders, Metal and Plastic
Cutting, Punching, and Press Machine Setters, Operators, and Tenders, Metal and Plastic
Drilling and Boring Machine Tool Setters, Operators, and Tenders, Metal and Plastic
Grinding, Lapping, Polishing, and Buffing Machine Tool Setters, Operators, and Tenders, Metal and Plastic
Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic
Milling and Planing Machine Setters, Operators, and Tenders, Metal and Plastic
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Craven Community College, approximately 34% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the national median of 56 similar programs. Actual outcomes may vary.