Analysis
The Hair Academy's graduates earn $29,327 in their first year—71% more than the national median for cosmetology programs and placing them in the 95th percentile nationally. That's an impressive outcome for a field where many programs leave students earning well below $20,000. The $11,809 in median debt is reasonable for the field and creates a debt-to-earnings ratio of 0.40, meaning graduates can expect to earn back their investment in less than six months.
Within North Dakota, this program holds its own at the 60th percentile, essentially matching what The Salon Professional Academy-Fargo delivers. While Josef's schools show slightly lower earnings, the practical difference is minimal—we're talking about variations of just a few hundred dollars annually in a state where the cosmetology market appears fairly consistent. The modest 3% earnings growth from year one to year four suggests graduates hit their earning potential quickly, which is typical for licensed trades where income depends more on building a client base than climbing a career ladder.
For parents concerned about cosmetology training, this program stands out nationally while delivering competitive results locally. The combination of manageable debt and first-year earnings that significantly exceed national norms makes this a solid choice if your child is committed to the profession.
Where The Hair Academy Stands
Earnings vs. debt across all cosmetology certificate's programs nationally
Earnings Distribution
How The Hair Academy 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 |
|---|---|---|---|
| The Hair Academy | $29,327 | $30,176 | +3% |
| Institute of Advanced Medical Esthetics | $27,490 | $36,799 | +34% |
| The Salon Professional Academy-Fargo | $29,330 | $28,322 | -3% |
| Josef's School of Hair Skin & Body-Grand Forks | $28,331 | $25,387 | -10% |
| Josef's School of Hair Skin & Body-Fargo | $28,331 | $25,387 | -10% |
Compare to Similar Programs in North Dakota
Cosmetology certificate's programs at peer institutions in North Dakota (4 total in state)
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| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| $29,327 | $30,176 | $11,809 | 0.40 | |
| $29,330 | $28,322 | $12,000 | 0.41 | |
| $28,331 | $25,387 | $12,000 | 0.42 | |
| $28,331 | $25,387 | $12,000 | 0.42 | |
| 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 The Hair Academy, 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 39 graduates with reported earnings and 37 graduates with debt data. Small samples may not be representative.