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
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| 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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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| — | $20,746 | $22,347 | $7,850 | 0.38 | |
| — | $27,005 | $18,694 | $12,000 | 0.44 | |
| — | $26,636 | $29,440 | $12,000 | 0.45 | |
| — | $24,952 | $22,164 | $11,833 | 0.47 | |
| $4,930 | $22,997 | $22,311 | $9,500 | 0.41 | |
| $15,320 | $22,822 | $23,563 | $9,832 | 0.43 | |
| 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 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.