2026 ROI Award Winner
Median Earnings (1yr)
$56,292
95th percentile
Median Debt
$6,810
43% below national median

Analysis

At just $6,810 in debt and $56,292 in starting salary, Ivy Tech's precision metal working program delivers one of the strongest return-on-investment profiles you'll find in community college education. That 0.12 debt-to-earnings ratio means graduates owe roughly six weeks of their first year's salary—exceptionally manageable by any standard. The program ranks in the 95th percentile nationally for both high earnings and low debt, a rare combination that makes it stand out among the 501 schools offering this credential.

The Indiana context is worth noting: while this program outearns 95% of precision metal working programs nationwide, it sits at the 60th percentile within the state, where median earnings are already quite strong at $55,600. That's not a weakness—it reflects Indiana's robust manufacturing sector pushing wages up across the board. Ivy Tech's graduates still slightly outpace the state median and see healthy 15% earnings growth to nearly $65,000 by year four, indicating solid career progression in the field.

For families concerned about college costs, this represents exactly what community college should be: affordable, job-focused training that leads to immediate earning power. Your child would enter a skilled trade with minimal debt and above-average wages, building a foundation for financial stability without the financial strain that often accompanies higher education.

Where Ivy Tech Community College Stands

Earnings vs. debt across all precision metal working associates's programs nationally

Earnings Distribution

How Ivy Tech Community College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Ivy Tech Community College$56,292$64,893+15%
Ferris State University$56,811$77,380+36%
Hennepin Technical College$59,829$73,136+22%
Dunwoody College of Technology$55,188$61,261+11%
Vincennes University$54,908$52,065-5%

Compare to Similar Programs in Indiana

Precision Metal Working associates's programs at peer institutions in Indiana (2 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Ivy Tech Community CollegeIndianapolis$4,912$56,292$64,893$6,8100.12
Vincennes UniversityVincennes$6,886$54,908$52,065$12,0000.22
National Median$41,504$12,0000.29

Career Paths

Occupations commonly associated with precision metal working graduates

Sheet Metal Workers

Fabricate, assemble, install, and repair sheet metal products and equipment, such as ducts, control boxes, drainpipes, and furnace casings. Work may involve any of the following: setting up and operating fabricating machines to cut, bend, and straighten sheet metal; shaping metal over anvils, blocks, or forms using hammer; operating soldering and welding equipment to join sheet metal parts; or inspecting, assembling, and smoothing seams and joints of burred surfaces. Includes sheet metal duct installers who install prefabricated sheet metal ducts used for heating, air conditioning, or other purposes.

$60,850/yrJobs growth:High school diploma or equivalent

Machinists

Set up and operate a variety of machine tools to produce precision parts and instruments out of metal. Includes precision instrument makers who fabricate, modify, or repair mechanical instruments. May also fabricate and modify parts to make or repair machine tools or maintain industrial machines, applying knowledge of mechanics, mathematics, metal properties, layout, and machining procedures.

$57,700/yrJobs growth:

Tool and Die Makers

Analyze specifications, lay out metal stock, set up and operate machine tools, and fit and assemble parts to make and repair dies, cutting tools, jigs, fixtures, gauges, and machinists' hand tools.

$57,700/yrJobs growth:

Welders, Cutters, Solderers, and Brazers

Use hand-welding, flame-cutting, hand-soldering, or brazing equipment to weld or join metal components or to fill holes, indentations, or seams of fabricated metal products.

$51,000/yrJobs growth:High school diploma or equivalent

Extruding and Drawing Machine Setters, Operators, and Tenders, Metal and Plastic

Set up, operate, or tend machines to extrude or draw thermoplastic or metal materials into tubes, rods, hoses, wire, bars, or structural shapes.

$46,800/yrJobs growth:

Forging Machine Setters, Operators, and Tenders, Metal and Plastic

Set up, operate, or tend forging machines to taper, shape, or form metal or plastic parts.

$46,800/yrJobs growth:

Rolling Machine Setters, Operators, and Tenders, Metal and Plastic

Set up, operate, or tend machines to roll steel or plastic forming bends, beads, knurls, rolls, or plate, or to flatten, temper, or reduce gauge of material.

$46,800/yrJobs growth:

Cutting, Punching, and Press Machine Setters, Operators, and Tenders, Metal and Plastic

Set up, operate, or tend machines to saw, cut, shear, slit, punch, crimp, notch, bend, or straighten metal or plastic material.

$46,800/yrJobs growth:

Drilling and Boring Machine Tool Setters, Operators, and Tenders, Metal and Plastic

Set up, operate, or tend drilling machines to drill, bore, ream, mill, or countersink metal or plastic work pieces.

$46,800/yrJobs growth:

Grinding, Lapping, Polishing, and Buffing Machine Tool Setters, Operators, and Tenders, Metal and Plastic

Set up, operate, or tend grinding and related tools that remove excess material or burrs from surfaces, sharpen edges or corners, or buff, hone, or polish metal or plastic work pieces.

$46,800/yrJobs growth:

Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic

Set up, operate, or tend lathe and turning machines to turn, bore, thread, form, or face metal or plastic materials, such as wire, rod, or bar stock.

$46,800/yrJobs growth:

Milling and Planing Machine Setters, Operators, and Tenders, Metal and Plastic

Set up, operate, or tend milling or planing machines to mill, plane, shape, groove, or profile metal or plastic work pieces.

$46,800/yrJobs growth:
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 Ivy Tech Community College, approximately 23% 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.

Sample Size: Based on 57 graduates with reported earnings and 45 graduates with debt data. Small samples may not be representative.