Analysis
Is a metal working associate's degree worth borrowing for? Based on the four other Minnesota programs with reported outcomes, the answer looks reasonably solid. Similar programs across the state suggest first-year earnings around $53,500 against estimated debt of $11,600—a ratio of 0.22 that makes the investment manageable. To put that in perspective, you're looking at debt equal to roughly 2-3 months of gross income, well below levels that typically strain new graduates.
What makes this calculation slightly more encouraging is the national picture. Minnesota precision metal working programs consistently outperform the national median of $41,500, and Lake Superior's estimated outcomes align with that state advantage. The top programs in Minnesota—Hennepin Tech and Dunwoody—show earnings in the mid-$50,000s to nearly $60,000 range, suggesting the field supports decent wages for skilled workers. Where Lake Superior's program actually lands within that range remains unclear given the limited graduate data, but the statewide pattern is consistent enough to be meaningful.
The practical consideration: at under $12,000 in estimated debt, even if outcomes fall short of the state median, the financial downside is contained. This isn't a program where you're betting heavily on exceptional results to justify the cost. The risk here is whether your child can secure the skilled jobs these numbers reflect, not whether the debt will become unmanageable.
Where Lake Superior College Stands
Earnings vs. debt across all precision metal working associates's programs nationally
Compare to Similar Programs in Minnesota
Precision Metal Working associates's programs at peer institutions in Minnesota (12 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $5,786 | $53,468* | — | $11,562* | — | |
| $5,881 | $59,829* | $73,136 | —* | — | |
| $25,659 | $55,188* | $61,261 | $12,000* | 0.22 | |
| $6,267 | $51,747* | — | —* | — | |
| $6,128 | $44,635* | $53,551 | —* | — | |
| 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 Lake Superior College, approximately 19% 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 median of 4 similar programs in MN. Actual outcomes may vary.