Analysis
The estimated debt of $11,562 for this two-year precision metal working program puts the debt-to-earnings ratio at just 0.28—meaning based on national peer programs, first-year earnings of roughly $41,500 should allow graduates to cover their debt in about three months' worth of income. That's a solid financial starting point for a skilled trade. More encouraging is the actual four-year earnings figure of $51,031, showing meaningful wage growth as graduates gain experience and expertise in precision manufacturing.
Illinois has 27 schools offering similar programs, so competition for jobs should be manageable, and the Chicago metro area's diverse manufacturing sector provides natural demand for precision metalworkers. The relatively low Pell enrollment (22%) at Elgin Community College might suggest a student body with more financial resources, though this could also reflect the program's appeal to career-changers already established in manufacturing who are looking to advance.
The limitation here is that we're working with national estimates rather than Elgin's actual graduate outcomes—the school's cohorts are too small for the Department of Education to publish specific data. For a field where hands-on training quality and employer connections matter enormously, this means you're betting on the strength of Elgin's program without direct evidence. If your student has manufacturing experience or can secure an apprenticeship alongside coursework, that reduces the risk considerably. The debt level is low enough that even modest variation in outcomes shouldn't create financial hardship.
Where Elgin Community College Stands
Earnings vs. debt across all precision metal working associates's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Elgin Community College | — | $51,031 | — |
| Ferris State University | $56,811 | $77,380 | +36% |
| Hennepin Technical College | $59,829 | $73,136 | +22% |
| Ivy Tech Community College | $56,292 | $64,893 | +15% |
| Dunwoody College of Technology | $55,188 | $61,261 | +11% |
Compare to Similar Programs Nationally
Precision Metal Working associates's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $3,180 | $41,504* | $51,031 | $11,562* | — | |
| $5,881 | $59,829* | $73,136 | —* | — | |
| $13,630 | $56,811* | $77,380 | $17,500* | 0.31 | |
| $4,912 | $56,292* | $64,893 | $6,810* | 0.12 | |
| $25,659 | $55,188* | $61,261 | $12,000* | 0.22 | |
| $6,886 | $54,908* | $52,065 | $12,000* | 0.22 | |
| 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 Elgin Community College, approximately 22% 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.