Cosmetology at David Pressley School of Cosmetology

David Pressley graduates start at $13,360—well below both Michigan's median ($15,179) and the national average ($17,113) for cosmetology programs. Ranking in just the 17th percentile nationally and 40th percentile in Michigan, this program places graduates at a significant earnings disadvantage compared to alternatives. The state's top programs, like Northern Michigan University and Hair Lab Detroit, deliver starting earnings 50-60% higher. With 41 cosmetology programs in Michigan alone, there are clearly better options within commuting distance.

The positive news is substantial earnings growth: graduates see their income increase 50% by year four, reaching $20,067. However, they're essentially spending four years catching up to where graduates of stronger programs started. The $10,000 in debt is manageable at face value, but with first-year earnings of only $13,360, the 0.75 debt-to-earnings ratio means nearly a full year's income goes toward loan repayment—a heavy burden on someone making barely above minimum wage.

For a family considering this investment, the question is simple: why start behind? Michigan offers multiple cosmetology programs with stronger track records, and the modest debt advantage here (just $167 less than the state median) doesn't offset years of lower earning potential. Look at programs in the $18,000-$21,000 starting range instead—that extra $5,000-$8,000 annually makes the debt far more manageable and provides better long-term financial footing.