Median Earnings (1yr)
$25,814
95th percentile (60th in MN)
Median Debt
$8,778
11% below national median
Debt-to-Earnings
0.34
Manageable
Sample Size
82
Adequate data

Analysis

Model College of Hair Design's cosmetology program sits in an interesting position: it dramatically outperforms national standards while landing in the middle of Minnesota's competitive cosmetology scene. Graduates earn $25,814 in their first year—over $8,700 more than the national median and ranking in the 95th percentile nationally. However, within Minnesota's 17 cosmetology programs, this places at the 60th percentile, with several state programs producing notably higher earnings. The $8,778 debt load is actually lower than both state and national averages, creating a manageable debt-to-earnings ratio of 0.34.

The challenging aspect here is the earnings trajectory: income drops 13% by year four to $22,569. This pattern isn't unique to Model College—it's common across cosmetology—but it does mean your child's best earning years may come early in their career. For context, Saint Paul College's program produces first-year earnings of nearly $33,000, showing the range of outcomes possible within Minnesota.

For a Minnesota family, this program delivers solid value compared to national alternatives but represents a middle-tier option within the state. The low debt keeps financial risk contained, and nearly half of students qualify for Pell grants, suggesting the school serves working-class students successfully. If location in Saint Cloud matters or if your child has connected with this particular school, the numbers support enrollment—just know that Minnesota offers several higher-earning alternatives worth exploring first.

Where Model College of Hair Design Stands

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

Model College of Hair DesignOther 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 Model College of Hair Design graduates compare to all programs nationally

Model College of Hair Design graduates earn $26k, placing them in the 95th 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 Minnesota

Cosmetology certificate's programs at peer institutions in Minnesota (17 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Model College of Hair Design$25,814$22,569$8,7780.34
Saint Paul College$32,987$36,693$14,2500.43
Nova Academy of Cosmetology$25,754$27,175$9,9990.39
Nova Academy of Cosmetology Woodbury$24,617$28,029$10,1940.41
Minnesota State Community and Technical College$24,367—$10,1690.42
Aveda Arts & Sciences Institute Minneapolis$24,230$31,992$9,9410.41
National Median$17,113—$9,8620.58

Other Cosmetology Programs in Minnesota

Compare tuition, earnings, and debt across Minnesota schools

SchoolIn-State TuitionEarnings (1yr)Debt
Saint Paul College
Saint Paul
$6,318$32,987$14,250
Nova Academy of Cosmetology
Rochester
—$25,754$9,999
Nova Academy of Cosmetology Woodbury
WOODBURY
—$24,617$10,194
Minnesota State Community and Technical College
Fergus Falls
$5,900$24,367$10,169
Aveda Arts & Sciences Institute Minneapolis
Minneapolis
—$24,230$9,941

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 Model College of Hair Design, approximately 45% 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 82 graduates with reported earnings and 81 graduates with debt data. Small samples may not be representative.