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
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| 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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| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| $11,038 | $21,796 | $16,500 | 1.49 | |
| $20,844 | $24,285 | $12,583 | 0.60 | |
| $20,844 | $24,285 | $12,583 | 0.60 | |
| $20,754 | $24,675 | $7,917 | 0.38 | |
| $20,694 | $20,024 | $13,550 | 0.65 | |
| $18,623 | $19,815 | $12,937 | 0.69 | |
| National Median | $17,113 | — | $9,862 | 0.58 |
Career Paths
Occupations commonly associated with cosmetology graduates
Skincare Specialists
Barbers
Hairdressers, Hairstylists, and Cosmetologists
Manicurists and Pedicurists
Personal Service Managers, All Other
Fitness and Wellness Coordinators
Spa Managers
First-Line Supervisors of Personal Service Workers
Makeup Artists, Theatrical and Performance
Shampooers
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.