Median Earnings (1yr)
$18,762
64th percentile
60th percentile in Indiana
Median Debt
$12,685
29% above national median

Analysis

Denmark College's cosmetology program starts just above the Indiana median at $18,762, but graduates see their earnings drop 18% by year four—a troubling pattern in a field where building a client base should increase income. Among Indiana's 28 cosmetology programs, this ranks near the middle (60th percentile), but it's worth noting that top programs in the state like Aveda Fredric's Institute produce graduates earning over $24,000, roughly 30% more than Denmark's outcomes.

The $12,685 debt load is relatively manageable in absolute terms and sits below the national average, which helps offset the earnings decline. Still, watching income fall from roughly $1,560 to $1,287 per month after four years raises questions about whether graduates are struggling with retention in this commission-based field or if the program's training and placement support falls short compared to competitors. The 83% Pell grant rate suggests most students here are taking on significant financial risk despite the modest debt figure.

For families considering cosmetology school in Northwest Indiana, this program won't saddle students with crushing debt, but the earnings trajectory and the availability of stronger local alternatives—including Paul Mitchell the School just down the road in Merrillville posting 27% higher earnings—suggest looking carefully at where graduates actually end up working and whether the school's salon connections justify choosing it over nearby options.

Where Denmark College Stands

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

Earnings Distribution

How Denmark College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Denmark College$18,762$15,451-18%
Aveda Fredric's Institute-Indianapolis$24,147$26,688+11%
Paul Mitchell the School-Indianapolis$23,870$24,635+3%
Rudae's School of Beauty Culture-Ft Wayne$19,131$22,549+18%
Tricoci University of Beauty Culture-Indianapolis$18,846$22,232+18%

Compare to Similar Programs in Indiana

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

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SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Denmark CollegeMerrillville$18,762$15,451$12,6850.68
Aveda Fredric's Institute-IndianapolisCarmel$24,147$26,688$9,8330.41
Paul Mitchell the School-IndianapolisIndianapolis$23,870$24,635$9,8330.41
Summit Salon AcademyAnderson$21,529$22,057$11,7000.54
Paul Mitchell the School-MerrillvilleMerrillville$19,685—$9,8330.50
Ideal Beauty AcademyJeffersonville$19,513$18,702$8,4010.43
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 Denmark College, approximately 83% 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 92 graduates with reported earnings and 129 graduates with debt data. Small samples may not be representative.