Cosmetology at Faust Institute of Cosmetology-Spirit Lake

Faust Institute's cosmetology program costs $12,000 and leads to first-year earnings around $20,000—a reasonable debt burden compared to many cosmetology schools nationally. However, while these graduates earn well above the national median, they're falling slightly behind the typical Iowa cosmetology graduate who makes about $20,200. More concerning is the gap with top Iowa programs: Des Moines-area schools are producing graduates who earn $24,000-$27,000 in their first year, suggesting either stronger local job markets or better industry connections.

The 76th percentile national ranking sounds impressive, but Iowa's competitive cosmetology market tells a different story. At the 40th percentile statewide, this program sits squarely in the middle of Iowa options. For a family weighing a $12,000 investment, that placement matters—especially when several Iowa schools deliver 20% higher first-year earnings for similar or even lower debt loads.

Given the small graduate sample, these numbers could shift year to year. But for now, parents should ask why this program underperforms nearby competitors despite reasonable debt levels. Unless Spirit Lake offers compelling personal advantages—location, scheduling, or specific training—families might find better returns at one of Iowa's higher-earning programs, particularly those in the Des Moines or Cedar Rapids areas where cosmetology graduates consistently earn more.