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
Earnings Distribution
How Phagans School of Beauty graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Phagans School of Beauty | $20,537 | $26,465 | +29% |
| Aveda Institute-Portland | $21,907 | $28,091 | +28% |
| Northwest College-Beaverton | $18,371 | $22,752 | +24% |
| Northwest College-Clackamas | $18,371 | $22,752 | +24% |
| Northwest College-Eugene | $18,371 | $22,752 | +24% |
Compare to Similar Programs in Oregon
Cosmetology certificate's programs at peer institutions in Oregon (18 total in state)
Scroll to see more →
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| $20,537 | $26,465 | $11,969 | 0.58 | |
| $27,110 | — | $16,500 | 0.61 | |
| $21,907 | $28,091 | $10,556 | 0.48 | |
| $19,966 | $22,346 | $11,924 | 0.60 | |
| $19,284 | — | — | — | |
| $18,371 | $22,752 | $10,743 | 0.58 | |
| National Median | $17,113 | — | $9,862 | 0.58 |
Career Paths
Occupations commonly associated with cosmetology graduates
Skincare Specialists
Barbers
Hairdressers, Hairstylists, and Cosmetologists
Manicurists and Pedicurists
Personal Service Managers, All Other
Fitness and Wellness Coordinators
Spa Managers
First-Line Supervisors of Personal Service Workers
Makeup Artists, Theatrical and Performance
Shampooers
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.