Analysis
The small sample size here should matter more than it does, but these numbers tell a troubling story: graduates earn just $15,581 their first yearβabout $3,000 below Indiana's median for cosmetology programs and ranking in the bottom quarter statewide. That's concerning when other Indiana schools like Aveda Fredric's Institute and Paul Mitchell's Indianapolis location produce graduates earning over $23,000. The $13,458 debt load isn't catastrophic by itself, but paired with these earnings, it means graduates face nearly a full year's salary in debt while trying to build their client base.
What makes this harder to overlook is the competitive landscape. Richmond sits in eastern Indiana, not far from better-performing alternatives. The top five cosmetology programs in the state all deliver substantially higher first-year earnings, some nearly $10,000 more annually. With 64% of students receiving Pell grants, PJ's serves a predominantly lower-income population that particularly needs strong earnings outcomes.
Unless your child has specific ties to Richmond that make commuting elsewhere impossible, the data suggests exploring other Indiana cosmetology schools first. The earnings gap is too significant to ignore, even accounting for the small sample uncertainty.
Where PJ's College of Cosmetology-Richmond Stands
Earnings vs. debt across all cosmetology certificate's programs nationally
Earnings Distribution
How PJ's College of Cosmetology-Richmond graduates compare to all programs nationally
Compare to Similar Programs in Indiana
Cosmetology certificate's programs at peer institutions in Indiana (28 total in state)
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| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| $15,581 | β | $13,458 | 0.86 | |
| $24,147 | $26,688 | $9,833 | 0.41 | |
| $23,870 | $24,635 | $9,833 | 0.41 | |
| $21,529 | $22,057 | $11,700 | 0.54 | |
| $19,685 | β | $9,833 | 0.50 | |
| $19,513 | $18,702 | $8,401 | 0.43 | |
| National Median | $17,113 | β | $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 PJ's College of Cosmetology-Richmond, approximately 64% 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.