Cosmetology at Phagans School of Beauty
Undergraduate Certificate or Diploma
Analysis
Phagans School of Beauty graduates see their earnings jump nearly 30% between years one and four—an unusually strong growth trajectory for cosmetology programs, where many graduates plateau early. Starting at $20,537, students climb to $26,465 by year four, placing this program in the 80th percentile nationally and ahead of most Oregon competitors except Summit Salon Academy and Aveda Institute. For a field where the national median sits at just $17,113, these outcomes represent solid footing.
The $11,969 in median debt translates to about seven months of first-year earnings—manageable in an industry where many students borrow more for less promising outcomes. While this isn't the cheapest Oregon cosmetology program (the state median debt is $10,743), you're paying modestly more for earnings that outpace 60% of in-state alternatives. The 65% Pell grant rate suggests the school successfully serves students who need financial aid without saddling them with crushing debt.
For parents concerned about return on investment in beauty school, this program offers a practical path: reasonable debt, above-average starting earnings, and—crucially—meaningful income growth over the first four years. Just know you're not getting Portland's top-tier earnings unless you're willing to pay more or commute.
Where Phagans School of Beauty 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 Phagans School of Beauty graduates compare to all programs nationally
Phagans School of Beauty graduates earn $21k, placing them in the 80th 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 Oregon
Cosmetology certificate's programs at peer institutions in Oregon (18 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Phagans School of Beauty | $20,537 | $26,465 | $11,969 | 0.58 |
| Summit Salon Academy-Portland | $27,110 | — | $16,500 | 0.61 |
| Aveda Institute-Portland | $21,907 | $28,091 | $10,556 | 0.48 |
| Phagans Beauty College | $19,966 | $22,346 | $11,924 | 0.60 |
| College of Hair Design Careers | $19,284 | — | — | — |
| Northwest College-Beaverton | $18,371 | $22,752 | $10,743 | 0.58 |
| National Median | $17,113 | — | $9,862 | 0.58 |
Other Cosmetology Programs in Oregon
Compare tuition, earnings, and debt across Oregon schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Summit Salon Academy-Portland Tigard | — | $27,110 | $16,500 |
| Aveda Institute-Portland Portland | — | $21,907 | $10,556 |
| Phagans Beauty College Corvallis | — | $19,966 | $11,924 |
| College of Hair Design Careers Salem | — | $19,284 | — |
| Northwest College-Beaverton Beaverton | — | $18,371 | $10,743 |
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 Phagans School of Beauty, approximately 65% 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 30 graduates with reported earnings and 43 graduates with debt data. Small samples may not be representative.