Median Earnings (1yr)
$12,461
12th percentile
10th percentile in Illinois
Median Debt
$3,726
62% below national median

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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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Larry's Barber CollegeChicago—$12,461—$3,7260.30
University of Aesthetics & CosmetologyChicago—$24,468$25,347$11,6670.48
Illinois Eastern Community CollegesOlney$4,390$24,120———
Educators of Beauty College of Cosmetology-PeruPERU—$22,967$16,517$9,6460.42
The Aveda Institute of Beauty and Wellness ChicagoChicago—$22,351$24,872$9,8330.44
Cosmetology & Spa AcademyCrystal Lake—$22,096$22,148$9,8330.45
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 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.