Est. Earnings (1yr)
$41,504
Est. from national median (56 programs)
Est. Median Debt
$11,562
Est. from national median (20 programs)

Analysis

A debt-to-earnings ratio of 0.28 puts this program in solid financial territory—peer precision metal working programs nationally suggest graduates earn around $41,500 in their first year while carrying roughly $11,500 in debt. That's less than three months of gross income, a manageable threshold that gives new metalworkers breathing room as they establish themselves in manufacturing or fabrication roles. With 27 Illinois schools offering this credential, competition for students is real, but the skilled trades market remains strong in central Illinois, where manufacturers consistently seek qualified machinists and welders.

The challenge here is that we're working entirely with estimates drawn from national trends, not Lake Land's actual outcomes. Similar associate programs across the country form the basis for these projections, which means your child's experience could vary significantly based on local job connections, the specific metalworking specializations Lake Land emphasizes, and whether they secure employment in higher-wage manufacturing sectors. The national benchmark shows some programs reaching $47,500 at the 75th percentile—nearly $6,000 more than the median—suggesting that shop floor experience and additional certifications can meaningfully boost earning power.

For a two-year investment with relatively modest debt, precision metalworking offers a practical path to stable employment. The real question is whether Lake Land's specific program has strong employer partnerships in the region and whether their graduates successfully transition into jobs. Request placement data and talk to current students before committing.

Where Lake Land College Stands

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

Compare to Similar Programs Nationally

Precision Metal Working associates's programs at top institutions nationally

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Lake Land CollegeMattoon$4,280$41,504*—$11,562*—
Hennepin Technical CollegeBrooklyn Park$5,881$59,829*$73,136—*—
Ferris State UniversityBig Rapids$13,630$56,811*$77,380$17,500*0.31
Ivy Tech Community CollegeIndianapolis$4,912$56,292*$64,893$6,810*0.12
Dunwoody College of TechnologyMinneapolis$25,659$55,188*$61,261$12,000*0.22
Vincennes UniversityVincennes$6,886$54,908*$52,065$12,000*0.22
National Median—$41,504*—$12,000*0.29
* Estimated from similar programs

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 Lake Land College, approximately 27% 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.