Median Earnings (1yr)
$23,235
95th percentile
60th percentile in Wisconsin
Median Debt
$8,790
11% below national median

Analysis

First Class Cosmetology School's numbers look solid at first glance—graduates earn $23,235 in their first year, crushing the national average for cosmetology programs by 36% and placing this program in the 95th percentile nationally. However, the Wisconsin context tells a more complicated story. While these graduates do outperform the state median slightly, they trail the top Wisconsin programs by $2,000-$4,000 annually. Among 30 cosmetology programs in Wisconsin, this one lands squarely in the middle of the pack (60th percentile).

The concerning piece is the earnings trajectory: graduates actually earn less four years out ($22,819) than in their first year—a 2% decline that's unusual even in fields where earnings plateau early. With $8,790 in debt, the financial burden is at least manageable (38% of first-year income), and the school clearly serves students who need financial aid, with 70% receiving Pell grants.

The small sample size here—fewer than 30 graduates in the dataset—means these numbers could swing considerably with just a few outliers. For a family weighing options, the question is whether slightly above-average performance justifies enrollment when several Wisconsin programs consistently produce graduates earning 10-20% more. If location in Beloit is crucial, this program works fine. But if your child can attend programs in Waukesha, Madison, or Chippewa Valley, those extra earnings would pay off the slightly higher debt within months.

Where First Class Cosmetology School Stands

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

Earnings Distribution

How First Class Cosmetology School graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
First Class Cosmetology School$23,235$22,819-2%
Aveda Institute-Madison$25,029$29,220+17%
The Institute of Beauty and Wellness$25,029$29,220+17%
Paul Mitchell the School-Milwaukee$19,570$28,742+47%
VICI Beauty School$21,773$27,025+24%

Compare to Similar Programs in Wisconsin

Cosmetology certificate's programs at peer institutions in Wisconsin (30 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
First Class Cosmetology SchoolBeloit$23,235$22,819$8,7900.38
Waukesha County Technical CollegePewaukee$4,720$27,049$9,7500.36
The Institute of Beauty and WellnessMilwaukee$25,029$29,220$10,5550.42
Aveda Institute-MadisonMadison$25,029$29,220$10,5550.42
The Salon Professional Academy-OnalaskaOnalaska$25,017$25,347$12,0000.48
Chippewa Valley Technical CollegeEau Claire$4,724$23,405$25,795$9,3950.40
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 First Class Cosmetology School, approximately 70% 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 27 graduates with reported earnings and 32 graduates with debt data. Small samples may not be representative.