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
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| 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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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $4,912 | $56,292 | $64,893 | $6,810 | 0.12 | |
| $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 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.