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
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| 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)
Scroll to see more →
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| $18,762 | $15,451 | $12,685 | 0.68 | |
| $24,147 | $26,688 | $9,833 | 0.41 | |
| $23,870 | $24,635 | $9,833 | 0.41 | |
| $21,529 | $22,057 | $11,700 | 0.54 | |
| $19,685 | — | $9,833 | 0.50 | |
| $19,513 | $18,702 | $8,401 | 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 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.