Median Earnings (1yr)
$16,879
47th percentile
60th percentile in Texas
Median Debt
$5,776
41% below national median

Analysis

McLennan Community College's cosmetology program starts slower than most but shows impressive momentum, with earnings jumping 47% from $16,879 to nearly $25,000 by year four. That's a steeper growth curve than typical for cosmetology programs. Among Texas cosmetology schools, this program ranks in the 60th percentile—solidly above the state median—even though it lags the top-performing Austin and Houston-area schools by roughly $5,000 to $10,000 annually.

The debt picture here is notably better than average. At $5,776, graduates owe about half what's typical nationally ($9,862) and roughly a third less than the Texas median. With a debt-to-earnings ratio of just 0.34, most graduates could realistically pay off this loan within a year or two of working full-time, even with the modest first-year earnings. The low debt load matters particularly in a field where licensing costs and kit expenses add to the financial burden.

For parents weighing this investment, the calculation is straightforward: your child would graduate with manageable debt and earnings that improve meaningfully as they build a client base. The first year will be tight financially, but the trajectory suggests many graduates establish themselves successfully. While this won't match the earning power of top Texas cosmetology programs, the combination of low debt and steady earnings growth makes it a reasonable entry point into the field, especially for students looking to stay in Central Texas.

Where McLennan Community College Stands

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

Earnings Distribution

How McLennan Community College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
McLennan Community College$16,879$24,857+47%
Paul Mitchell the School-Austin$26,824$28,868+8%
Avenue Five Institute-South Austin Campus$23,144$28,368+23%
Avenue Five Institute$23,144$28,368+23%
The Salon Professional Academy-Lewisville$22,320$26,452+19%

Compare to Similar Programs in Texas

Cosmetology certificate's programs at peer institutions in Texas (151 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
McLennan Community CollegeWaco$3,660$16,879$24,857$5,7760.34
Paul Mitchell the School-AustinAustin$26,824$28,868$10,4140.39
Champion Beauty CollegeHouston$26,736$19,014$10,2320.38
DuVall's School of CosmetologyBedford$26,435$23,177$7,9170.30
Charles and Sues School of Hair DesignBryan$23,225$20,327$9,8330.42
Tint School of Makeup & CosmetologyIrving$23,225$21,232$7,6980.33
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 McLennan Community College, approximately 39% 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 31 graduates with reported earnings and 27 graduates with debt data. Small samples may not be representative.