Median Earnings (1yr)
$12,461
12th percentile (10th in IL)
Median Debt
$3,726
62% below national median
Debt-to-Earnings
0.30
Manageable
Sample Size
61
Adequate data

Analysis

Larry's Barber College-Joliet graduates earn just $12,461 in their first year—roughly $5,400 below the Illinois median for cosmetology programs and landing in the bottom 10th percentile statewide. This is particularly concerning given that top Illinois cosmetology programs place graduates earning nearly twice as much ($24,000+). While the debt load is relatively modest at $3,726, even this low figure translates to a 30% debt-to-earnings ratio when matched against such minimal income.

The earnings here are barely above minimum wage for full-time work, which raises questions about job placement outcomes and whether graduates are finding sufficient hours in the field. The fact that 100% of students receive Pell grants suggests the student body can least afford a program that underperforms so dramatically—these aren't students with family financial cushions to fall back on while building their careers.

For parents considering this program, the comparison is stark: other Illinois schools are successfully launching cosmetology graduates into $22,000-24,000 first-year positions. Unless there are compelling personal reasons to attend this specific location, exploring higher-performing Illinois cosmetology programs would likely provide better return on both time and tuition investment.

Where Larry's Barber College-Joliet Stands

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

Larry's Barber College-JolietOther 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 Larry's Barber College-Joliet graduates compare to all programs nationally

Larry's Barber College-Joliet graduates earn $12k, placing them in the 12th percentile of all cosmetology certificate programs nationally.

Compare to Similar Programs in Illinois

Cosmetology certificate's programs at peer institutions in Illinois (71 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Larry's Barber College-Joliet$12,461—$3,7260.30
University of Aesthetics & Cosmetology$24,468$25,347$11,6670.48
Illinois Eastern Community Colleges$24,120———
Educators of Beauty College of Cosmetology-Peru$22,967$16,517$9,6460.42
The Aveda Institute of Beauty and Wellness Chicago$22,351$24,872$9,8330.44
Cosmetology & Spa Academy$22,096$22,148$9,8330.45
National Median$17,113—$9,8620.58

Other Cosmetology Programs in Illinois

Compare tuition, earnings, and debt across Illinois schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Aesthetics & Cosmetology
Chicago
—$24,468$11,667
Illinois Eastern Community Colleges
Olney
$4,390$24,120—
Educators of Beauty College of Cosmetology-Peru
PERU
—$22,967$9,646
The Aveda Institute of Beauty and Wellness Chicago
Chicago
—$22,351$9,833
Cosmetology & Spa Academy
Crystal Lake
—$22,096$9,833

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-Joliet, approximately 100% 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.