Median Earnings (1yr)
$20,420
79th percentile
Median Debt
$12,000
22% above national median
Debt-to-Earnings
0.59
Manageable
Sample Size
20
Limited data

Analysis

Lake Area Technical's cosmetology program sits in an interesting middle ground among South Dakota's limited options. At $20,420 in first-year earnings, graduates earn slightly below the state median of $21,552 (40th percentile statewide), trailing The Salon Professional Academy in Watertown by about $3,600 annually. However, they're still outearning 79% of cosmetology programs nationally, which matters if graduates end up working outside South Dakota's small market.

The debt picture looks reasonable at $12,000—just above both state and national medians but manageable given the low tuition typical of technical colleges. The 0.59 debt-to-earnings ratio means graduates owe roughly seven months of salary, which is workable in a field where many professionals supplement income with tips. The 18% earnings growth to $24,114 by year four suggests graduates build their client base over time, though this data comes from fewer than 30 students, so individual results will vary considerably.

For families committed to South Dakota cosmetology training, this program won't deliver the highest earnings in the state, but it combines modest debt with solid national standing. If your child is considering staying in the Watertown area long-term, The Salon Professional Academy's higher graduate earnings warrant a close look. But for a technical college certificate that provides portable skills and reasonable debt, Lake Area delivers what you'd expect—not spectacular, but workable for someone entering a trade where success often depends more on building relationships than on which school name is on the diploma.

Where Lake Area Technical College Stands

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

Lake Area Technical CollegeOther cosmetology programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Lake Area Technical College graduates compare to all programs nationally

Lake Area Technical College graduates earn $20k, placing them in the 79th percentile of all cosmetology certificate programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in South Dakota

Cosmetology certificate's programs at peer institutions in South Dakota (4 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Lake Area Technical College$20,420$24,114$12,0000.59
The Salon Professional Academy$24,068$22,219$12,5000.52
Stewart School$22,684$25,636$8,8630.39
Paul Mitchell the School-Rapid City$18,561$20,373$11,3210.61
National Median$17,113$9,8620.58

Other Cosmetology Programs in South Dakota

Compare tuition, earnings, and debt across South Dakota schools

SchoolIn-State TuitionEarnings (1yr)Debt
The Salon Professional Academy
Rapid City
$24,068$12,500
Stewart School
Sioux Falls
$22,684$8,863
Paul Mitchell the School-Rapid City
Rapid City
$18,561$11,321

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 Lake Area Technical College, approximately 26% 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 20 graduates with reported earnings and 21 graduates with debt data. Small samples may not be representative.