Median Earnings (1yr)
$20,746
82nd percentile
60th percentile in Colorado
Median Debt
$7,850
20% below national median

Analysis

Cheeks Beauty Academy manages to keep debt significantly lower than most cosmetology programs while delivering above-average earnings. At $7,850 in median debt—about 20% below both state and national averages—graduates here face one of the better debt-to-earnings situations in the field. The 0.38 ratio means debt equals roughly five months of first-year income, a manageable burden for a certificate program. Earnings of $20,746 place graduates well above the national median of $17,113, though there are higher-earning programs in Colorado if your student can access them.

The 60th percentile ranking within Colorado tells an important story: this isn't the top-performing cosmetology program in the state (schools like Elevate and Aveda Institute post notably higher earnings), but it's solidly middle-of-the-pack while keeping costs in check. For a school serving primarily lower-income students (73% receive Pell grants), that combination matters. The modest earnings growth to $22,347 by year four is typical for the field, where income tends to plateau based on clientele and chair rental arrangements rather than climbing steeply.

This program works best for students prioritizing affordability over maximizing earnings potential. The low debt load creates flexibility to build a client base without crushing monthly payments, though families should recognize that cosmetology careers rarely reach high income levels regardless of training location.

Where Cheeks Beauty Academy Stands

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

Earnings Distribution

How Cheeks Beauty Academy graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Cheeks Beauty Academy$20,746$22,347+8%
Aveda Institute-Denver$26,636$29,440+11%
Tigi Hairdressing Academy-Colorado Springs$21,501$26,021+21%
IBMC College$22,822$23,563+3%
United Beauty College$19,322$23,275+20%

Compare to Similar Programs in Colorado

Cosmetology certificate's programs at peer institutions in Colorado (28 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Cheeks Beauty AcademyLoveland$20,746$22,347$7,8500.38
Elevate Salon Institute-WestminsterWestminster$27,005$18,694$12,0000.44
Aveda Institute-DenverDenver$26,636$29,440$12,0000.45
Paul Mitchell the School-DenverLakewood$24,952$22,164$11,8330.47
Pickens Technical CollegeAurora$4,930$22,997$22,311$9,5000.41
IBMC CollegeFort Collins$15,320$22,822$23,563$9,8320.43
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 Cheeks Beauty Academy, approximately 73% 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 73 graduates with reported earnings and 81 graduates with debt data. Small samples may not be representative.