Analysis
Larry's Barber College graduates earn $12,461 one year after completing their certificate—about 30% below the Illinois median for cosmetology programs and landing in just the 10th percentile statewide. Among Illinois's 71 cosmetology programs, this ranks near the bottom, with top performers like University of Aesthetics & Cosmetology placing graduates at nearly double these earnings. The national picture is similarly weak, with Larry's sitting in the 12th percentile compared to other cosmetology programs across the country.
The low debt load of $3,726 provides some cushion—it's well below both state and national medians and could theoretically be managed on these earnings. However, the fundamental challenge is that $12,461 annually barely exceeds minimum wage income, making it difficult to achieve financial independence regardless of debt levels. The 88% Pell grant rate indicates the school primarily serves low-income students who can least afford to accept below-market earnings.
For families considering cosmetology training in Chicago, this program appears to underprepare graduates for competitive earnings in the field. With so many stronger-performing options in Illinois—several offering twice the first-year income—prospective students should explore alternatives that demonstrate better career launch outcomes, even if they come with moderately higher debt.
Where Larry's Barber College Stands
Earnings vs. debt across all cosmetology certificate's programs nationally
Earnings Distribution
How Larry's Barber College graduates compare to all programs nationally
Compare to Similar Programs in Illinois
Cosmetology certificate's programs at peer institutions in Illinois (71 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| — | $12,461 | — | $3,726 | 0.30 | |
| — | $24,468 | $25,347 | $11,667 | 0.48 | |
| $4,390 | $24,120 | — | — | — | |
| — | $22,967 | $16,517 | $9,646 | 0.42 | |
| — | $22,351 | $24,872 | $9,833 | 0.44 | |
| — | $22,096 | $22,148 | $9,833 | 0.45 | |
| 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 Larry's Barber College, approximately 88% 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 61 graduates with reported earnings and 75 graduates with debt data. Small samples may not be representative.