Median Earnings (1yr)
$11,038
5th percentile
10th percentile in Maryland
Median Debt
$16,500
67% above national median

Analysis

Aspen Beauty Academy's cosmetology program ranks near the bottom in Maryland—10th percentile—and graduates earn roughly $5,000 less in their first year than the state median of $16,429. That's a significant gap when you're trying to build a career on entry-level salon wages, and it becomes harder to justify when you consider that debt loads here ($16,500) exceed both state and national averages. Several Maryland schools produce graduates earning $20,000+ right out of the gate, suggesting location and industry connections make a real difference in this field.

The earnings picture does improve dramatically over four years, nearly doubling to $21,796, which brings graduates closer to what their peers earn initially. But that debt-to-earnings ratio of 1.49 means your child would owe more than they'll earn in their first year—a tough position when living expenses don't wait. For a program serving mostly lower-income students (58% receive Pell grants), these numbers create genuine financial stress during the critical early career phase.

Given Maryland's competitive cosmetology landscape, other in-state options deliver stronger outcomes without requiring graduates to dig out of a deeper hole. Unless there are specific circumstances making this school uniquely accessible—location, schedule flexibility—the data suggests looking at programs where first-year earnings better align with the debt taken on.

Where Aspen Beauty Academy of Laurel Stands

Earnings vs. debt across all cosmetology certificate's programs nationally

Earnings Distribution

How Aspen Beauty Academy of Laurel graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Aspen Beauty Academy of Laurel$11,038$21,796+97%
Cortiva Institute$20,754$24,675+19%
The Temple Annapolis-A Paul Mitchell Partner School$20,844$24,285+17%
The Temple-A Paul Mitchell Partner School$20,844$24,285+17%
Aveda Institute-Maryland$16,394$21,944+34%

Compare to Similar Programs in Maryland

Cosmetology certificate's programs at peer institutions in Maryland (17 total in state)

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SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Aspen Beauty Academy of LaurelLaurel$11,038$21,796$16,5001.49
The Temple-A Paul Mitchell Partner SchoolFrederick$20,844$24,285$12,5830.60
The Temple Annapolis-A Paul Mitchell Partner SchoolAnnapolis$20,844$24,285$12,5830.60
Cortiva InstituteLinthicum$20,754$24,675$7,9170.38
Del-Mar-Va Beauty AcademySalisbury$20,694$20,024$13,5500.65
Montgomery Beauty SchoolSilver Spring$18,623$19,815$12,9370.69
National Median$17,113—$9,8620.58

Career Paths

Occupations commonly associated with cosmetology graduates

Skincare Specialists

Provide skincare treatments to face and body to enhance an individual's appearance. Includes electrologists and laser hair removal specialists.

$41,560/yrJobs growth:Postsecondary nondegree award

Barbers

Provide barbering services, such as cutting, trimming, shampooing, and styling hair; trimming beards; or giving shaves.

$35,420/yrJobs growth:Postsecondary nondegree award

Hairdressers, Hairstylists, and Cosmetologists

Provide beauty services, such as cutting, coloring, and styling hair, and massaging and treating scalp. May shampoo hair, apply makeup, dress wigs, remove hair, and provide nail and skincare services.

$35,420/yrJobs growth:Postsecondary nondegree award

Manicurists and Pedicurists

Clean and shape customers' fingernails and toenails. May polish or decorate nails.

$34,660/yrJobs growth:Postsecondary nondegree award

Personal Service Managers, All Other

All personal service managers not listed separately.

Fitness and Wellness Coordinators

Manage or coordinate fitness and wellness programs and services. Manage and train staff of wellness specialists, health educators, or fitness instructors.

Spa Managers

Plan, direct, or coordinate activities of a spa facility. Coordinate programs, schedule and direct staff, and oversee financial activities.

First-Line Supervisors of Personal Service Workers

Supervise and coordinate activities of personal service workers.

Makeup Artists, Theatrical and Performance

Apply makeup to performers to reflect period, setting, and situation of their role.

Shampooers

Shampoo and rinse customers' hair.

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 Aspen Beauty Academy of Laurel, approximately 58% 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.