2 answers
Piper
Student
Sherman, Texas
1
Question
Asked
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How long does it take to earn the money you paid for school back as a cosmetologist?
Depending on where I work and hours, what's the average time it takes to make a profit off of what I spend at school?
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2 answers
Michelle M.
Actress
2522
Answers
Updated
Michelle’s Answer
Hi, Piper !
It would be so cool to know the exact answer to this question, however, there are reasons why you would just have to wait till you graduate to know this. Perhaps you need to know a path that would be the most frugal and even perhaps leave you with no debt when you graduate. That could help you more, to avert debt, rather than figuring out now how long it would take to earn a specific amount of money. You don't have your job and salary in place yet and you didn't mention specific tuition figures.
Both Grayson College and North Central Texas College offer Cosmetology. These two colleges are community colleges so would most likely be less expensive than a private Cosmetology School. You would be able to apply for Federal Student Financial Aid while attending either of these as well as scholarships to cover costs. You would have to go for this program for two years before taking your State Licensing Exam.
If you take the community college path, you can apply for a slew of scholarships and grants to cover costs. You'll need to apply for every scholarship and grant that you qualify for by doing a search on the internet. You'd have to apply for a lot to increase your chances of being awarded some. This would only be for two years that you'd have to do that. If you go the college route, you can apply for Federal Student Financial Aid which comes in the form of grants, work study, and yes, the Loans. You can refuse the loans and make up the difference with the scholarships and grants you apply for. You are going to have to pick a college and visit their Financial Aid office to get details about Loan Refusal and No Loan Policies of the particular college you attend.
If you decide to not take this path and decide to go to a private Cosmetology School, they may not be accredited for students to receive financial aid. You'd have to take out Loans to cover the costs and then start paying them back after graduation six months or whatever the grace period is for the specific loans. They will also charge you interest which means you end up paying more than the amount you took out. You are really going to have to consult with whatever school you intend to go to to get details, but they can't tell you how long it would take you to pay the loans back. That depends on too many things and is only known once you graduate.
So think about going the community college route where there is a lot of financial support available and make a decision as to what would be the least expensive to do. Consult with a financial aid officer at the college about Loan Refusal and No Loan policies at that college. You have options but the choice is ultimately up to you.
I hope this helps and I wish you all the best moving forward !
It would be so cool to know the exact answer to this question, however, there are reasons why you would just have to wait till you graduate to know this. Perhaps you need to know a path that would be the most frugal and even perhaps leave you with no debt when you graduate. That could help you more, to avert debt, rather than figuring out now how long it would take to earn a specific amount of money. You don't have your job and salary in place yet and you didn't mention specific tuition figures.
Both Grayson College and North Central Texas College offer Cosmetology. These two colleges are community colleges so would most likely be less expensive than a private Cosmetology School. You would be able to apply for Federal Student Financial Aid while attending either of these as well as scholarships to cover costs. You would have to go for this program for two years before taking your State Licensing Exam.
If you take the community college path, you can apply for a slew of scholarships and grants to cover costs. You'll need to apply for every scholarship and grant that you qualify for by doing a search on the internet. You'd have to apply for a lot to increase your chances of being awarded some. This would only be for two years that you'd have to do that. If you go the college route, you can apply for Federal Student Financial Aid which comes in the form of grants, work study, and yes, the Loans. You can refuse the loans and make up the difference with the scholarships and grants you apply for. You are going to have to pick a college and visit their Financial Aid office to get details about Loan Refusal and No Loan Policies of the particular college you attend.
If you decide to not take this path and decide to go to a private Cosmetology School, they may not be accredited for students to receive financial aid. You'd have to take out Loans to cover the costs and then start paying them back after graduation six months or whatever the grace period is for the specific loans. They will also charge you interest which means you end up paying more than the amount you took out. You are really going to have to consult with whatever school you intend to go to to get details, but they can't tell you how long it would take you to pay the loans back. That depends on too many things and is only known once you graduate.
So think about going the community college route where there is a lot of financial support available and make a decision as to what would be the least expensive to do. Consult with a financial aid officer at the college about Loan Refusal and No Loan policies at that college. You have options but the choice is ultimately up to you.
I hope this helps and I wish you all the best moving forward !
Kavyashree A
Resource Management Analyst
21
Answers
Bengaluru, Karnataka, India
Updated
Kavyashree’s Answer
The time it takes to recoup cosmetology school costs depends on factors like tuition fees, location, and salary. For example, in Oregon, where tuition ranges from $28,000 to $38,000 and the average salary is $45,767 per year, it can take just 6–10 months to break even. On the other hand, in New York, with tuition costs as high as $40,000–$50,000 and an average salary of $47,358, it may take over 2 years.
Would you like to explore specific states or learn more about career prospects in cosmetology?
Would you like to explore specific states or learn more about career prospects in cosmetology?