Cosmetology at Paul Mitchell the School-Indianapolis
Undergraduate Certificate or Diploma
Analysis
Paul Mitchell Indianapolis graduates earn more than 95% of cosmetology certificate programs nationwide and place 80th percentile within Indiana—an impressive showing given that cosmetology earnings typically cluster in the low $20,000s. At $23,870 one year out, grads here earn $6,700 more than the national median and about $5,300 above Indiana's average. They're competing directly with Aveda Fredric's for top earnings in the state market, suggesting the school has either secured better placement relationships with higher-end salons or better prepares students for commission-based success.
The debt picture is reasonable for the field. While $9,833 borrowed sits right at the national median for cosmetology programs, it's actually lower than Indiana's typical $11,750, making the debt-to-earnings ratio of 0.41 manageable. Most graduates can realistically pay this down within two years of full-time work, even accounting for cosmetology's modest pay scale. The 3% earnings growth to year four is minimal but typical—most earning potential in this field comes from building a client base and chair rental arrangements rather than wage progression.
For parents funding a cosmetology education, this program delivers among the strongest financial outcomes you'll find in Indiana. The premium over other schools appears worth the investment, particularly compared to programs where graduates owe similar amounts but earn $4,000-5,000 less annually.
Where Paul Mitchell the School-Indianapolis Stands
Earnings vs. debt across all cosmetology certificate's programs nationally
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 Paul Mitchell the School-Indianapolis graduates compare to all programs nationally
Paul Mitchell the School-Indianapolis graduates earn $24k, 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 Indiana
Cosmetology certificate's programs at peer institutions in Indiana (28 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Paul Mitchell the School-Indianapolis | $23,870 | $24,635 | $9,833 | 0.41 |
| Aveda Fredric's Institute-Indianapolis | $24,147 | $26,688 | $9,833 | 0.41 |
| Summit Salon Academy | $21,529 | $22,057 | $11,700 | 0.54 |
| Paul Mitchell the School-Merrillville | $19,685 | — | $9,833 | 0.50 |
| Ideal Beauty Academy | $19,513 | $18,702 | $8,401 | 0.43 |
| Rudae's School of Beauty Culture-Ft Wayne | $19,131 | $22,549 | $11,000 | 0.57 |
| National Median | $17,113 | — | $9,862 | 0.58 |
Other Cosmetology Programs in Indiana
Compare tuition, earnings, and debt across Indiana schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Aveda Fredric's Institute-Indianapolis Carmel | — | $24,147 | $9,833 |
| Summit Salon Academy Anderson | — | $21,529 | $11,700 |
| Paul Mitchell the School-Merrillville Merrillville | — | $19,685 | $9,833 |
| Ideal Beauty Academy Jeffersonville | — | $19,513 | $8,401 |
| Rudae's School of Beauty Culture-Ft Wayne Fort Wayne | — | $19,131 | $11,000 |
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 Paul Mitchell the School-Indianapolis, approximately 29% 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 93 graduates with reported earnings and 100 graduates with debt data. Small samples may not be representative.